Goldman Sachs warns of limited investor appetite for AI stocks as they debate whether AI is a threat or opportunity. Investors await evidence of tangible impact on earnings to embrace these stocks, with concerns about over-optimistic expectations and valuations. Nvidia’s reassessed quarter and outlook caused a 6% drop in shares, while Salesforce and Figma disappointed with their earnings reports. C3.AI’s founder criticizes high valuations in the market. Despite concerns, Goldman Sachs notes that AI valuations are not in bubble territory, but warns of outsized valuations on names like Tesla and Palantir.

Read more at 1. Tesla reports record profits in Q3, surpassing expectations. The electric car company’s revenue climbed to $10.74 billion, up from $6.30 billion a year earlier. (finance.yahoo.com)

2. Apple unveils new MacBook Pro with improved performance and longer battery life. The laptop features Apple’s new M1 Pro and M1 Max chips, offering up to 64GB of memory and 10-core CPUs. (finance.yahoo.com)

3. Facebook changes its name to Meta, reflecting its focus on the metaverse. CEO Mark Zuckerberg announced the rebranding as part of the company’s shift towards virtual reality and augmented reality technologies. (finance.yahoo.com): Goldman Sachs issues a warning to AI stock investors