Goldman Sachs: Stock market rally to broaden in H2, tech earnings growth key driver

Odaily Planet Daily News Goldman Sachs Group's global equity chief strategist Peter Oppenheimer said that global stock markets are expected to sustain the strong rally seen in the second quarter, with earnings growth from technology companies being the key driving force. "As long as earnings performance remains solid and growth broadens out, I believe the stock market will continue to rise in the second half,"

Oppenheimer said, "The gains may not be as sharp as in the first half, but I think the rally will be broad-based." He pointed out that earnings growth in the tech sector will continue, even as investor focus shifts from data center and cloud computing platform operators to semiconductor and equipment manufacturers underpinning the artificial intelligence (AI) boom. (Jin Shi)