Despite a recent market selloff triggered by the rapid adoption of a cheaper AI model from Chinese startup DeepSeek, Goldman Sachs strategists maintain a positive outlook for the US economy and the tech sector. The strategists believe this selloff is a temporary correction and not indicative of a sustained decline in stocks, citing falling interest rates and moderating inflation as supporting factors. They recommend investors diversify their portfolios geographically and sector-wise to capitalize on emerging opportunities.
A major market selloff could be setting the market up for a reset in the tech sector , JJ Kinahan, CEO of IG North America, says.
Shock among investors at the rapid adoption of Chinese startup DeepSeek’s cheaper AI model wiped almost $1 trillion off the value of the Nasdaq 100 Monday. That slump isn’t a harbinger of a sustained decline in stocks, the Goldman team led by Peter Oppenheimer wrote in a note.
TECH SECTOR MARKET RESET AI INVESTMENTS ECONOMIC OUTLOOK
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