Goldman Sachs CEO says the market's reaction to software stocks has been overdone.

Goldman Sachs Group CEO Solomon said that the sharp drop in software stocks last week due to concerns about competition from artificial intelligence may be an overreaction by the market. Solomon said at the UBS Group conference in Key Biscayne, Florida on Tuesday, "I think the market narrative of the past week has been a bit too broad. There will be winners and losers, and many companies will undergo transformations."