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[Goldman Sachs: European stocks performed better than the S&P 500 when artificial intelligence concept stocks were sold off] On November 9, Goldman Sachs strategists said that European stocks are three times less sensitive to artificial intelligence than the S&P 500 index, and when the sector sells off, European stocks usually perform better. "Europe has outperformed the U.S. in each of the eight major AI-driven sell-offs since 2023," the team said. The Stoxx 600 rose 2%, the Composite AI Index fell 19%, and the S&P 500 fell 4%. Europe has less to gain from AI capital expenditures, but this is increasingly becoming an advantage as investors start to look at how companies implement the technology.
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