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Goldman Sachs Stock Performance
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Goldman Sachs CEO's Economic Outlook
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Goldman Sachs' stock has underperformed the S&P 500 in 2023, with a YTD loss of 2% and a 6% discount from its estimated fair value. The company's revenues are expected to reach $43.86 billion in FY2023, with a net income of $7.93 billion. Goldman Sachs maintains a Buy rating and $605 price target on NVIDIA, anticipating strong results and guidance in the Data Center segment, particularly in AI proliferation. The bank's investment portfolio, valued at $496 billion, is refocusing towards wealth management and cost-cutting measures are leading to layoffs.
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How might Goldman Sachs' refocus on wealth management impact its future performance?
How might the layoffs at Goldman Sachs affect the company's reputation and future prospects?
What factors could contribute to the slowdown in the semiconductor industry?
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