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Goldman Sachs: Global Stock Market Gains to Broaden in Second Half, Tech Earnings Growth Key Driver

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On July 1, Peter Oppenheimer, Chief Global Equity Strategist at Goldman Sachs, stated that the global stock market is expected to continue its strong momentum from the second quarter, with earnings growth from technology companies being a key driver. 'As long as earnings performance remains strong and the scope of growth expands, I believe the stock market will continue to rise in the second half of the year. The increase may not match that of the first half, but I expect the gains to be broad-based.' Oppenheimer noted that earnings growth in the technology sector will persist, even as investors shift their focus from data center and cloud computing operators to semiconductor and equipment manufacturers supporting the AI boom.
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