# Exclusive: Goldman bankers say the next AI boom is in the physical economy

> **Newsylist Open Intelligence Dossier** · First detected: 2026-06-27 09:40 UTC · Category: Business · Sources: 5 · Current Velocity: 2.8

## Executive Summary
Goldman Sachs analysts suggest the next phase of the AI boom will shift toward the physical economy as the market enters a capital expenditure supercycle.

## Intelligence Brief
Goldman Sachs bankers and strategists are identifying a shift in AI growth, suggesting the next major boom lies within the physical economy. This comes amid a $757B AI capital expenditure supercycle, with analysts predicting three specific stocks will be the primary beneficiaries.


Coverage from Axios, Bloomberg, and Yahoo Finance emphasizes strategic pivots during periods of chip volatility. MarketWatch reports that a Goldman strategist describes the AI market as a "rubber band," while FXStreet notes that the 1 Delta desk views a "reflexive loop" as the biggest risk to the sector.


Future developments center on how far the AI market can stretch and which big tech bets will hold during ongoing chip volatility.

## Verified Facts & Key Claims
### Where is the next AI boom expected to occur?
Goldman bankers state the next boom is in the physical economy.

### What is the scale of the AI capex supercycle?
The supercycle is valued at $757B.

### What risks have been identified by Goldman Sachs?
The 1 Delta desk identifies the reflexive loop as the biggest risk.

## Key People, Organizations & Locations
Stocks, Delta, Goldman, Exclusive Goldman, Goldman Strategist Sees Bets, Big Tech During Chip Volatility, Goldman Sachs Predicts, Benefit Most From

## Multi-Source Evidence Table
| Source Outlet | Headline | Published (UTC) | Verification URL |
|---|---|---|---|
| FXStreet | Goldman Sachs’ 1 Delta desk says AI’s biggest risk is the reflexive loop | 2026-06-26 13:45 | [Source Link](https://news.google.com/rss/articles/CBMiswFBVV95cUxQRms5bTE2dE5XNGMteks5V0Z2b1VEX1hHM1NWZkpFejZNMEpuR3dYMUZQYncwLWdtN1Vka1E0cVI4WHZTclc5aVg0SkFhdHRkeE83UEg2MlFRem5GdUtVbklzQ1RjdmZ0dnc1R3VYSWJmbXVDdVBFdlZoX2tfMkNBcm9PZTZjWWJtUjNhN1paQTJyMERzTFZ0UnBwU2NGdlJKRTNOMlh6RTVTM2stSXpmeUxWcw?oc=5) |
| MarketWatch | The AI market has become a ‘rubber band’ — the question now is how far it can stretch, says Goldman strategist | 2026-06-26 13:45 | [Source Link](https://news.google.com/rss/articles/CBMi4gFBVV95cUxON3dwUmdael9DSHBnRFczUDF4ZUpWbHNPSHMyanlKVDNVX1A1cU5qbXdpMXZjeW04bWJ5MXBnQTlVRmUyc1BRWWFwRXlmMjdRcWdRWVRYM0RNX1lkaVVycGpac3NncFVWRHRmbUVoNG9lY2gxNUowc3BLaFZ4OVlhcWU2eURxN2owM0VSelc0cXZtTUZEQnNsWktsWTNnN2J0cVRETXZnOENrU0s4aS11RklkZFBuTkZIV2twTTJ4MEZ0MUloUlcxcnVWSEtQR2p3RXlDaHVNWnRDT1QxR0YySVdR?oc=5) |
| Bloomberg.com | Goldman Strategist Sees Bets in Big Tech During Chip Volatility | 2026-06-26 13:45 | [Source Link](https://news.google.com/rss/articles/CBMitAFBVV95cUxNOE9TZHI5NURVZ243ZlJuS1EwOFVJTGF5dXdzaXlheGZWYXM0dmcweUplUDVCYzFBcFNBV3ZTT2R4eHdabGJTaXhWOGFoX2MxXzlZenN0ZHlnRWNBTGp5dXlfSHYyQkNZNVNtQVpxZ0x0QkR3Z0I4bVFCb05jLTlCY0ZYN2pVamVVZHVPcUpKN01WY2NoWlRxLUVaZm5GNi1fdWxVa0pnRVF3RGRxeE1ka3R1WWE?oc=5) |
| Yahoo Finance | Goldman Sachs Predicts 3 Stocks to Benefit Most From $757B AI’s Capex Supercycle | 2026-06-26 13:45 | [Source Link](https://news.google.com/rss/articles/CBMimwFBVV95cUxQOHBFZFE5c1Q3Wk5qV3BWRG5ibjJEc1dldXM0dVlWdUk4TjhIOF9zekFGN0Niem9TZjBZSTBDSUE5eDFoVjlkLVlDSl9WZ3cwZGtvSWRXTzNOWUk4WHhyMmdOZHc2WmRnNGstWVBGWkd1Y0g1Nm1lc1VMbm83bG5Ka2NkQnpwdmVIM3AydVpEZ3NIZ1V1Wm9yMTRfOA?oc=5) |
| Axios | Exclusive: Goldman bankers say the next AI boom is in the physical economy | 2026-06-26 13:45 | [Source Link](https://news.google.com/rss/articles/CBMidEFVX3lxTFB2RzZzY2hRNjg1eS1saHl2MTdKSVFLbHAzTkZ5b1U4RVFrZWtkRlRvMnlCeFRTX2lLb2xtT3RGUkZWVTFKcU9RSElTeHhKSlNCSUlDSFd5c2kzOEYwTlF2Z1pRR0lud1hCOEl1dW1ybWRZU3Jh?oc=5) |

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