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Technology stocks have emerged as a potential investment opportunity following an extended period of underperformance.
Goldman Sachs identifies technology stocks as undervalued after a period of underperformance.
KEY POINTS
- The introduction of Chinese AI model DeepSeek is cited as a factor boosting sector prospects.
- U.S. technology giants are increasing capital expenditure, supporting sector growth expectations.
- The IT sector's price-to-earnings ratio is now lower than other sectors, indicating potential undervaluation.
- Technology is expected to drive a significant portion of upcoming S&P 500 EPS growth.
COMPANIES
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