# Technology stocks, including those from the United States, are looking cheap following a prolonged period of underperformance.

*business · news · 2026-04-07 · The Economic Times*

## Key points

- Goldman Sachs reports technology stocks are at their cheapest valuations in decades.
- US hyperscalers' valuation premium has dropped to nearly match the broader tech sector.
- The release of China's DeepSeek AI model is cited as a factor in tech sector weakness.
- IT sector's price-to-earnings ratio is now below that of discretionary, staples, and industrials globally.
- S&P 500 IT earnings are expected to grow 44%, accounting for 87% of index EPS growth.

**Companies:** Goldman Sachs
**Countries:** United States, China, Iran

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/depressed-tech-valuations-could-offer-entry-point-for-investors-goldman-sachs-says/articleshow/130084985.cms)

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