Goldman Sachs: Stock Market Rally to Broaden in Second Half, Tech Earnings Growth Key Driver

Goldman Sachs global equity chief strategist Peter Oppenheimer said that global stock markets are likely to sustain the strong rally seen in the second quarter, with earnings growth from technology companies serving as a key driver. "As long as earnings performance remains solid and the growth broadens, I believe the stock market will continue to rise in the second half of the year,"

Oppenheimer said, adding, "The pace of gains may not match the first half, but I expect the rally to become broad-based." He noted that earnings growth in the tech sector will continue, even as investor attention shifts from data center and cloud computing platform operators to the semiconductor and equipment manufacturers fueling the artificial intelligence (AI) boom. (Jin10)