Goldman Sachs is teaming up with Newmark Group to develop private power campuses for AI in South Dallas, raising equity and debt financing for the project. CEO David Solomon sees potential in AI advancements, leading to investment in people to scale the business. Goldman Sachs has a market capitalization of $263.64 billion, with its stock gaining 53.26% over the past 52 weeks and 24.2% over the past six months. Strong third-quarter results showed a 20% year-over-year increase in total net revenues to $15.18 billion, with EPS growing 46% to $12.25. Analysts have a mixed view on Goldman’s bottom line trajectory, with a consensus “Moderate Buy” rating and a price target of $831.33.

Read more at Barchart: As Goldman Sachs Funds the Next Era of AI, Should You Buy, Sell, or Hold the Iconic Bank Stock?