Goldman Sachs: Stock Market Rally to Broaden in H2; Tech Earnings Growth a Key Driver

Goldman Sachs' global equity chief strategist Peter Oppenheimer said global stock markets are poised to extend their strong Q2 rally, with earnings growth from tech companies being a key driver. "As long as earnings remain strong and growth broadens out, I think the stock market will continue to rise in the second half of the year,"

Oppenheimer said, "The gains may not match the first half, but I believe the rally will be broad-based." He noted that earnings growth in the tech sector will continue, even as investors' focus shifts from data center and cloud platform operators to the semiconductor and equipment manufacturers underpinning the artificial intelligence (AI) boom. (Jinshi)