On July 30, Goldman Sachs rose 3.03% in regular trading, trading at $1015.55/share, with turnover of $593 million. The stock staged a technical rebound after accumulating over 8% in losses over the prior two trading sessions due to an AI selloff-triggered margin call chain reaction.

On the news front, Goldman Sachs top trader Lee Coppersmith noted that tech stock crowdedness has fallen to near one-year lows, signaling a market logic shift from position-driven trading to earnings verification. The rationale of viewing excessive positioning as the biggest risk for the AI sector is rapidly weakening. Previously, Goldman Sachs data showed hedge funds were net sellers of tech stocks in six of the past eight weeks, with sector holdings shrinking approximately 10%, marking the largest reduction in over a decade.

Fundamentally, Goldman Sachs reported record Q2 results with revenue surging 39% year-over-year to $20.3 billion and net income jumping 78% to $6.63 billion, driven by equity trading revenue of $7.42 billion — a Wall Street single-bank record. Within the Investment Banking and Brokerage sector, Morgan Stanley rose 2.82%, Interactive Brokers gained 3.58%, while Houlihan Lokey fell 14.3%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)