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Goldman Sachs: The selloff in tech giants has opened a valuation window not seen in over 50 years.
Goldman Sachs reports tech sector valuations are now historically cheap, not just underperforming.
KEY POINTS
- The technology sector's PEG ratio has fallen below the global market, a rare historical inversion.
- Three structural headwinds, including hyperscaler capex surges, have driven the tech sector's de-rating.
- Goldman suggests the Iran war could make tech stocks more attractive if it triggers a growth shock.
COMPANIES
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