Goldman Sachs: Stock market rally expected to broaden in second half, tech earnings growth is key driver

Odaily Planet Daily News Goldman Sachs Group's global equity chief strategist Peter Oppenheimer said global stock markets are expected to continue the strong rally seen in the second quarter, driven by earnings growth from technology companies. "As long as earnings performance remains strong and the growth range broadens, I believe stock markets will continue to rise in the second half of the year,"

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