Goldman Sachs predicts AI automation could displace nearly 10% of US workers, signaling major employment shifts across industries. CEO David Solomon countered with a positive outlook, believing AI will benefit society over the next 20 to 25 years. Most Americans, however, disagree with his optimistic view, highlighting a growing debate about AI's economic role.
AI chip stocks are drawing renewed attention. Paul Meeks is buying Cerebras Systems shares after a 72% drop from peak, targeting $209 from the current $107. Cerebras holds $25 billion in future business commitments, including $20 billion from OpenAI. Nvidia earns a 64% profit margin, while Broadcom expects $115 billion in AI revenue by 2027 and delivered OpenAI's first custom Jalapeño chip in nine months.
Cerebras' Wafer-Scale Engine chip core cloud revenue grew 287% year over year. Wyndham is deploying AI agents across its hotel network, with its AI Concierge handling calls at over 1,700 hotels and customer satisfaction improving by 450 basis points. The Wyndham Connect platform now operates at more than 5,100 hotels.
Teradyne Robotics partnered with Sereact to combine Cortex physical AI with Universal Robots' collaborative arms, targeting warehouse tasks at Zalando's European fulfillment centers. OpenAI and Poland's NASK signed an AI safety agreement, building on prior work where CERT Polska found six vulnerabilities in MikroTik RouterOS using OpenAI models.
Gold fell to $4,016 an ounce, a three-month low, as AI stock sell-offs prompted investors to raise cash. Dan Ives called the sell-off a SaaS Apocalypse 2.0, citing Oracle's debt-funded hyperscaler strategy as the toughest spot. He sees sell-offs in Meta and SpaceX as buying opportunities and expects hyperscaler earnings from Alphabet, Microsoft, and Amazon to stabilize the market.
The Pentagon released new AI procurement guidance aligned with Trump directives, requiring that purchased language models be truthful and objective. Polen Focus Growth Strategy invested in Quanta Services, viewing it as a beneficiary of grid modernization and AI-driven infrastructure buildout across North America.
Key Takeaways
- Goldman Sachs predicts AI could displace nearly 10% of US workers in coming years
- Cerebras stock drops 72% from peak; investor Paul Meeks sees 91% upside to $209
- Cerebras holds $25 billion in future commitments, including $20 billion from OpenAI
- Nvidia earns 64% profit margin; Broadcom expects $115 billion in AI revenue by 2027
- Cerebras core cloud revenue grew 287% year over year with Wafer-Scale Engine chip
- Wyndham AI Concierge handles calls at 1,700+ hotels, boosting satisfaction by 450 basis points
- Teradyne and Sereact partner for warehouse robotics at Zalando using Universal Robots arms
- OpenAI partners with Poland's NASK on AI safety; prior work found six RouterOS vulnerabilities
- Gold hits $4,016 three-month low amid AI stock sell-off; Dan Ives calls it SaaS Apocalypse 2.0
- Pentagon issues AI procurement guidance requiring truthful, objective language models
Investor sees Cerebras stock nearly doubling from current levels
Technology investor Paul Meeks is buying Cerebras Systems stock after it fell 72% from its peak. The Sunnyvale company makes the Wafer-Scale Engine chip for AI computing. Cerebras has about $25 billion in future business commitments, including $20 billion from OpenAI. Meeks believes the stock at $107 could reach $209, offering roughly 91% upside.
Nvidia Broadcom and Cerebras could be long term AI winners
Nvidia, Broadcom and Cerebras Systems are three AI chip stocks that could deliver lasting wealth. Nvidia invented the GPU and earns a 64% profit margin. Broadcom designs custom chips for OpenAI and Google and expects $115 billion in AI revenue by 2027. Cerebras uses the Wafer-Scale Engine chip and has $25 billion in future revenue commitments.
Three AI chip stocks to consider buying for the long term
Nvidia, Broadcom and Cerebras Systems stand out as powerful AI chip companies. Nvidia's chips run every major AI model and its decade-old Volta chips are still in demand. Broadcom delivered OpenAI's first custom Jalapeño chip in nine months. Cerebras' Wafer-Scale Engine chip is the size of a dinner plate and its core cloud revenue grew 287% year over year.
Goldman Sachs warns AI could displace nearly 10% of US workers
Goldman Sachs said its baseline scenario for AI productivity involves nearly 10% of all US workers being displaced. The prediction highlights how AI automation could significantly change the job market in coming years. The report points to potential major shifts in employment across many industries.
Goldman Sachs CEO David Solomon is optimistic about AI
Goldman Sachs CEO David Solomon said he believes AI will bring positive benefits to society over the next 20 to 25 years. He expressed optimism about AI's long-term impact. However, most Americans disagree with his positive outlook on the technology. The contrast shows a growing debate about AI's role in the economy.
Wyndham uses AI agents to boost hotel bookings
Wyndham is deploying AI agents across its hotel network to increase bookings and reduce costs for franchisees. The company's AI Concierge voice platform now handles calls at over 1,700 hotels worldwide. Customer satisfaction improved by 450 basis points and voice conversion improved by 500 basis points. The AI-powered Wyndham Connect platform is deployed at more than 5,100 hotels and has generated tens of millions in upsell opportunities.
Teradyne expands warehouse robotics partnership
Teradyne Robotics partnered with Sereact to combine Sereact's Cortex physical AI platform with Universal Robots' collaborative arms. The partnership targets complex logistics tasks like returns handling at Zalando's European fulfillment centers. Hundreds of dual arm Universal Robots systems will be deployed, along with a live demonstration at NVIDIA GTC Berlin. The move signals Teradyne is expanding deeper into high volume warehouse automation.
OpenAI and Poland's NASK partner on AI safety
OpenAI and Poland's NASK National Research Institute signed an agreement to collaborate on AI safety and security research. The partnership will focus on evaluating capable AI systems, identifying vulnerabilities, and strengthening safeguards. NASK's AI Safety Research Center serves as the Polish Artificial Intelligence Safety Institute. The agreement also builds on prior work where CERT Polska used OpenAI models to find six vulnerabilities in MikroTik RouterOS.
Gold hits 3-month low amid AI stock sell-off
International gold prices fell to $4,016 an ounce, a three-month low, as AI-related tech stocks plunged. Analysts say investors sold gold to raise cash for margin calls rather than seeking safe-haven protection. The 10-year U.S. Treasury yield fell to 4.95% and the Japanese yen strengthened during the same period. One analyst expects a possible V-shaped recovery and a test of the $3,900 level for gold prices.
Dan Ives calls AI sell-off SaaS Apocalypse 2.0
Analyst Dan Ives called the recent AI stock sell-off a SaaS Apocalypse 2.0 on the infrastructure side. He said Oracle is in the toughest spot because it is trying to be a hyperscaler while funding the build with debt. Ives sees the sell-offs in Meta and SpaceX as buying opportunities. He expects next week's hyperscaler earnings from Alphabet, Microsoft, and Amazon to calm the market.
Pentagon releases new AI procurement guidance aligned with Trump directives
The Pentagon issued new guidance to implement the Trump administration's truth-seeking and ideological neutrality principles for AI purchases. The guidance includes three attachments with templates and standardized language for acquisition personnel. Contracting teams must now ensure that large language models purchased by federal agencies are truthful, objective, and do not favor ideological dogmas. The documents also instruct vendors on what compliance documentation they must provide.
Polen Focus Growth Strategy invests in Quanta Services for grid and AI growth
Polen Focus Growth Strategy highlighted a new position in Quanta Services, also known as PWR, in its Q3 2026 investor letter. Quanta Services is North America's largest specialty infrastructure contractor, focused mainly on the electric power grid. The company serves electric utilities, renewables developers, hyperscalers, pipelines, and industrial customers. Polen views Quanta as a beneficiary of grid modernization, rising electricity demand, and infrastructure buildout driven by AI needs.
Sources
- I warned against buying this AI chip stock. Now I think it could nearly double
- 3 Magnificent AI Chip Stocks That Could Help Set You Up for Life
- 3 Magnificent AI Chip Stocks That Could Help Set You Up for Life
- AI layoffs could displace nearly 10% of workers in coming years, Goldman says
- Goldman Sachs CEO David Solomon is optimistic about AI. Most of America disagrees.
- Wyndham Deploys AI Agents to Boost Hotel Bookings and Cut Franchisee Costs
- Teradyne Stock Faces A New Test As Warehouse Robotics Partnership Expands
- OpenAI and Poland’s NASK partner to advance AI safety and security
- Gold Also Hits 3-Month Low as AI Stock Rout Spurs Cash-Raising Sales, Not Safe-Haven Buying
- Dan Ives Calls AI Sell-Off ‘SaaS Apocalypse 2.0,’ Says Oracle Is ‘In The Toughest Spot’
- Pentagon issues guidance on AI procurements to support White House’s ‘truth-seeking’ and ‘ideological neutrality’ directives
- Quanta Services, Inc. (PWR) Offers Exposure to Grid Modernization and AI Infrastructure
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