Goldman Sachs Chief Equity Strategist Peter Oppenheimer called the recent sell-off in U.S. tech stocks a rare buying opportunity, coinciding with a market rally fueled by hopes of an Iran-U.S. ceasefire. Despite ongoing concerns about AI-driven spending and its economic impact, tech valuations remain depressed, making it a potentially attractive sector for investors. Notably, companies like Netflix and Apple stand out as strong defensive picks, with Netflix showing pricing power and Apple advancing in AI technology. Goldman Sachs has set optimistic price targets for both, suggesting room for gains as the tech sector navigates geopolitical uncertainties and AI developments.
Goldman Sachs reported a strong Q2 with revenues up 39% year-over-year, led by a surge in equities trading (+72%) and equity underwriting (+130%) due to market volatility and an AI-driven IPO boom. Their Asset & Wealth Management division also saw $2...
Goldman Sachs reported robust Q2 FY2026 results, with net earnings growing at an annualized rate of 38%. The firm raised $31 billion in private credit and saw a 130% year-over-year surge in equity underwriting revenues, driven by major deals and IPO ...
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
