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Goldman Sachs analysts are refuting claims of a tech stock bubble, stating that the current rally is based on solid fundamentals and not indicative of past bubbles. They argue that extreme valuations are less widespread now compared to previous years, attributing the tech stock surge to strong underlying fundamentals.
GOLDMAN: “.. the prevalence of extreme valuations today looks far less widespread than in 2021 after adjusting for market concentration. .. in contrast with the late ’90s, we believe the valuation of the Magnificent 7 is currently supported by their fundamentals.” [Kostin] $SPX https://t.co/6Zv9BgVDuM
Goldman Sachs says this tech stock rally is grounded in reality https://t.co/1a3rPdR8QN https://t.co/H8PZ3Jafyd
Analysts keep pushing back against the idea that big tech stocks are in a bubble. The latest: David Kostin of Goldman Sachs, who says: "This time is different." https://t.co/rq8vbK5TDc