Goldman Sachs(US:GS) Sou Hu Cai Jing·2025-11-27 06:17Core Insights - The article highlights that "AI" has become a central theme in global stock markets over the past two years, with executives discussing its impact and investors flocking to companies benefiting from the AI trend [1] - Goldman Sachs' Greg Calnon expresses a belief that while the US stock market is expected to continue its upward trend next year, AI-related stocks may not be among the outperformers [1] - Calnon is optimistic about the overall market outlook for risk assets, citing favorable factors such as potential interest rate cuts by the Federal Reserve [1] Investment Opportunities - Calnon identifies three sectors that may present good investment opportunities outside of AI: small-cap stocks, healthcare stocks, and international equities [1]