business / news / / The Economic Times
Technology stocks, including those from the United States, are looking cheap following a prolonged period of underperformance.
Goldman Sachs reports technology stocks are at their cheapest valuations in decades.
KEY POINTS
- 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
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