AI stocks, a good opportunity to buy on dips - Goldman's trading desk
September 17, 2024 4:22 JST (excerpt)
Pessimism towards AI is going too far - Goldman's Murad
Net profit of AI-related companies is expected to almost double in the next 12 months.
In the US stock market, AI-related stocks have been sold recently, but the fundamentals of each company remain strong. Considering the future decrease in interest rates, Goldman Sachs' trading desk believes it is a good opportunity to buy on dips.
Goldman's Faris Murad stated in a report dated the 12th that "The decrease in interest rates will support IT projects, and after the US presidential election, the uncertainty in economic policies will decrease. Visible progress in AI products is expected to be announced in future conferences."
Pessimism towards AI is going too far - Goldman's Murad
Net profit of AI-related companies is expected to almost double in the next 12 months.
In the US stock market, AI-related stocks have been sold recently, but the fundamentals of each company remain strong. Considering the future decrease in interest rates, Goldman Sachs' trading desk believes it is a good opportunity to buy on dips.
Goldman's Faris Murad stated in a report dated the 12th that "The decrease in interest rates will support IT projects, and after the US presidential election, the uncertainty in economic policies will decrease. Visible progress in AI products is expected to be announced in future conferences."
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