Goldman Strategist: Semiconductor Sector Shows High Volatility, Favoring 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 in the AI trading frenzy. Although the market leaders are mainly chipmakers and beneficiaries of AI capital expenditure, rather than hyperscale cloud service providers, Mueller-Glissmann noted that these leading stocks belong to a highly volatile part of the AI sector and have accumulated significant positions and leverage through instruments such as ETFs and options. "If you believe the AI momentum will continue to improve, you would want to diversify into hyperscale cloud service providers and possibly reduce exposure to semiconductors. Because in the AI capex landscape, semiconductors are truly the high-volatility component," Mueller-Glissmann, head of asset allocation research at Goldman Sachs, said in an interview. (Bloomberg)