Goldman Sachs: La baja valoración de las acciones tecnológicas podría ofrecer una buena oportunidad de inversión para los inversores

Goldman Sachs stated on Tuesday that technology stocks, including U.S. equities, have become cheap after a long period of underperformance, creating a potential entry point for investors. “(So far this year), we have witnessed one of the weakest periods of relative returns for the tech sector in 50 years.” Since 2025, multiple factors have led to a broad tech sector underperformance, prompting investors to shift toward value stocks. These factors include the release of DeepSeek, large-scale capital expenditures by mega U.S. corporations, and the disruptive impact of AI-driven software industries. These factors provide opportunities for investors to enter the space, which still maintains strong growth rates but with lower valuations. The valuation premium of large U.S. companies has decreased and is now nearly on par with other parts of the sector. Globally, the P/E ratio of the IT sector has fallen below that of consumer discretionary, consumer staples, and industrial sectors. Goldman Sachs pointed out that despite low valuations, the tech sector’s earnings remain strong. Among the sectors of the S&P 500, the market generally expects the IT sector’s Q1 earnings per share to grow by 44%, accounting for 87% of the index’s EPS growth.