Brook Dane
Showing 1–2 of 2 transcripts.
- Goldman Sachs25 min
What’s Behind the Tech Sell-Off?
Brook Dane, Peter Callahan, Allison Nathan
Following a valuation correction comparable to the 2000 dot-com bust, the technology sector is undergoing a cyclical retrenchment driven by structurally higher interest rates that have compressed multiples for software and semiconductor stocks. While hedge funds have de-leveraged and capital flows have reversed, institutional buyers like Goldman Sachs are accumulating assets at five-to-seven-year lows, targeting resilient sub-sectors such as cybersecurity and AI-driven semiconductors. This strategic repositioning anticipates a market recovery in 2023 and beyond as inflation falls and management teams align operations with a normalized macroeconomic environment.
- Goldman Sachs12 min
The New Tech Investing Landscape
Investors are increasingly targeting underexposed US mid-cap and international technology sectors, leveraging recent market pullbacks to build positions in transformational companies at attractive valuations. Key growth themes include the structural shift to digital payments, the rapid expansion of e-commerce models in emerging markets, and the democratization of innovation through cloud infrastructure and mobile device proliferation. Despite risks from geopolitical tensions and regulatory scrutiny, the firm maintains a bullish long-term outlook, urging portfolio diversification into dynamic players within artificial intelligence, machine learning, and advanced semiconductors to capture the disruptive acceleration expected over the next decade.