A reduction in the growth multiple that investors are prepared to pay for AI stocks and a rise in volatility has forced Goldman strategist Tim Moe to take an axe to his Korean market target.
Source: [MarketWatch](https://www.marketwatch.com/story/the-kospi-index-is-the-leading-indicator-for-the-global-ai-trade-and-goldman-just-slashed-its-forecast-by-25-ccfe2690?mod=mw_rss_topstories)