Exhibit 1 The same day I posted Downgrades Peter Oppenheimer et al from Goldman Sachs (GS) weighed in on the same topic with Competition for Capital: "There are two themes dominating our investor conversations: the impact of AI and the rise in interest rates. The two issues are linked as demand for capital from both the private and public sectors increase. In the private sector a surge in capex spending to fund AI infrastructure has eaten into free cash flow and forced companies to raise more in debt and equity markets. Meanwhile, government borrowing needs have increased as priorities shift...