Goldman Sachs bullish on global tech stocks: Low valuations present buying opportunities, more defensive during Middle East war

Glonghui April 7｜Goldman Sachs pointed out that after a prolonged period of weak stock performance, global technology stocks (including U.S. tech stocks) are now generally trading at low valuations, offering potential entry opportunities for investors. Goldman Sachs stated: “Given that the technology sector's cash flow is relatively insensitive to economic growth and that it can benefit from any uptick in bond yields, the sector is likely to show more defensive characteristics in the coming months.”