OREANDA-NEWS  Technical indicators indicate that the stock market in the United States will continue to decline, said John Waldron, president of the Goldman Sachs Group, quoted by Bloomberg.

The top manager made such a forecast against the background of the collapse of the S&P 500 by more than three percent since the beginning of November and sharply increased volatility. "The sell—off of shares in the world's largest technology companies has reignited the debate about artificial intelligence (AI) and whether it generates enough revenue or profit to justify huge infrastructure costs," the agency writes in this regard.

The markets are now heavily focused on the dynamics of AI, Waldron confirmed. He called the observed pullback a healthy phenomenon.

Previously, "Lenta wrote that businesses around the world have begun returning employees who were laid off due to AI to their offices, thereby recognizing previous personnel decisions as ill-considered.