Goldman Strategist: Semiconductor sector is volatile, bullish on large-cap tech stocks

Odaily Planet Daily News] Goldman Sachs strategist Christian Mueller-Glissmann stated that as chipmaker stock prices continue to fluctuate, large-cap tech stocks may become more attractive amid the AI trading boom. Although the market leaders are primarily chipmakers and beneficiaries of AI capital expenditure, rather than hyperscale cloud service providers, Mueller-Glissmann pointed out that these leading stocks belong to a highly volatile segment of the AI sector and have accumulated significant positions and leverage through tools like ETFs and options. "If you believe the momentum of AI development will continue to be positive, you would want to diversify your investments into hyperscale cloud service providers and possibly reduce allocations to semiconductors. Because in the landscape of AI capital expenditure, semiconductors are the truly high-volatility component," said Mueller-Glissmann, Head of Asset Allocation Research at Goldman Sachs, in an interview. (Bloomberg)