Goldman Sachs Flags Russell 1000 Picks With 9% to 19% AI Sensitivity

5 articles · Updated · CNBC · May 25

Goldman Sachs highlighted a Russell 1000 portfolio with low sensitivity to both the AI trade and U.S. growth pricing, arguing investors can still find stocks backed by earnings revisions outside the market’s dominant theme.
Record highs in the S&P 500 and Nasdaq have reinforced the view that equities are becoming “one big trade,” with Goldman saying AI and momentum are increasingly steering index direction.
Eli Lilly, Chewy and Fortinet were cited as examples: Goldman said only about 9% of Lilly’s recent return, 11% of Chewy’s and 19% of Fortinet’s was tied to AI and the economic outlook.
The stock calls span both laggards and winners — Lilly is down about 1% this year, Chewy has fallen 37%, and Fortinet has surged 68.7% — underscoring Goldman’s push to diversify beyond AI-heavy leadership.

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