Goldman CEO Calls Software Selloff 'Too Broad'

David Solomon says some companies will adapt to AI competition.

Published on Feb. 10, 2026

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Goldman Sachs CEO David Solomon said the recent steep drop in software stocks due to concerns about competition from artificial intelligence was likely overdone. He believes there will be both winners and losers, and that many companies will be able to pivot and adapt to the AI threat.

Why it matters

The software industry has been rocked by fears that AI will disrupt and replace many existing software products and services. Solomon's comments suggest that the market reaction may have been too extreme, and that some software companies will be able to successfully navigate the AI transition.

The details

Solomon made the comments at a UBS conference in Florida, stating that 'the narrative over the last week has been a little bit too broad' and that 'there'll be winners and losers — plenty of companies will pivot and do just fine.'

  • On February 10, 2026, David Solomon spoke at the UBS conference in Key Biscayne, Florida.

The players

David Solomon

The CEO of Goldman Sachs Group Inc.

Goldman Sachs Group Inc.

A multinational investment bank and financial services company.

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What they’re saying

“I think the narrative over the last week has been a little bit too broad. There'll be winners and losers — plenty of companies will pivot and do just fine.”

— David Solomon, CEO (UBS Group AG)

The takeaway

Solomon's comments suggest that the software industry selloff in response to AI competition may have been an overreaction, and that many companies will be able to adapt and thrive despite the AI threat.