Goldman Sachs: Mega-cap technology stocks may push the S&P 500 to 6,000 points by the end of this year, and the mega-TMT stock market is far from reaching a "bubble"
Strategists such as David Kostin of Goldman Sachs Group said: Stick to the expectation that the S&P 500 index will reach 5,200 points by the end of 2024. There is a possibility that large-cap technology companies will drive the stock index up a further 15% (by the end of 2024). While artificial intelligence (AI) optimism appears to be high, long-term growth expectations and mega-cap TMT stock valuations are still far from "bubbly" levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
Crypto prices
More
