Goldman Sachs Strategist Says Stop Obsessing Over AI ROIC Numbers

Goldman Sachs strategist Tony Pasquariello has spoken out against the industry's focus on precise return on invested capital (ROIC) calculations for artificial intelligence spending. In a statement, Pasquariello said that Wall Street should stop obsessing over these precise numbers.

The Global X Artificial Intelligence & Technology ETF (AIQ) was mentioned in this context, with Pasquariello referencing the hyperscalers Microsoft (MSFT) and Meta Platforms (META).

Pasquariello's comments come as the industry continues to invest heavily in AI research and development. The ROIC metric is often used to evaluate the efficiency of companies' investments.