What is the relationship between OpenAI and Goldman Sachs/Morgan Stanley?

The banks were collaborating with OpenAI to develop AI-powered financial analysis tools, which were expected to boost their revenues.

Goldman Sachs, Morgan Stanley Fall on OpenAI Delay

Q: Were other investment banks affected by this delay?

Yes, shares of JPMorgan and Citigroup also saw slight declines, indicating a broader sector impact.

Shares of Goldman Sachs and Morgan Stanley declined after reports of a delay in OpenAI's new product launch, removing a near-term catalyst for the two investment banks.

June 26, 2026

2 min read

Source: GuruFocus.com

Shares of Goldman Sachs (GS) and Morgan Stanley (MS) fell in trading today following reports of a delay in the launch of a new product from OpenAI. The decline comes after analysts had expected the collaboration with OpenAI to boost the banks' revenues in AI-powered financial services.

Possible Reasons

According to sources, OpenAI has postponed the launch of its new product, which was expected to revolutionize financial analysis. This delay removes a near-term catalyst for both Goldman Sachs and Morgan Stanley, which had been working with OpenAI to develop advanced analytical tools.

Context

The decline follows a strong performance for the two banks in recent weeks, with Goldman Sachs shares rising about 8% over the past month and Morgan Stanley gaining 6%. The delay could slow the growth momentum in the sector.

Similar Moves in the Sector

Losses were not limited to Goldman Sachs and Morgan Stanley; other investment bank stocks such as JPMorgan and Citigroup also saw slight declines, indicating a broader sector impact.

Frequently Asked Questions

The stock fell due to reports of a delay in OpenAI's new product launch, removing a near-term catalyst for the bank.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.