Goldman Sachs traders say phones are "ringing off the hook" as AI selloff intensifies

Goldman Sachs Group Inc.s stock trading desk has been flooded with calls from investors trying to figure out how deep Thursdays technology selloff will go. Yet there are few actual buyers to be found. The banks equity trading desk experienced one of its busiest days of the year on Wednesday, according to a note to clients Thursday from John Flood, head of Americas equity execution services at the bank. Today is the exact opposite, he wrote. Our phones are ringing off the hook with clients looking for market color. Unfortunately, we are not seeing much buying.