Goldman Sachs: What’s Behind the Tech Sell-Off?

June 5, 2022

Here is the link.

How low can tech go? The sharp sell-off in technology shares is one of the sector’s worst stretches in years. In our latest Exchanges at Goldman Sachs, Brook Dane, portfolio manager in Goldman Sachs Asset Management, and Peter Callahan, a U.S. TMT sector specialist in our Global Markets Division, discuss the drivers and implications of the tech sector’s market rout.

Long term investor

1. In five or six year time range
2. Three areas: Software, cyber security, semiconductor technology
3. Cloud - security architecture - Russia war
4. Margin pressure - great return - semiconductor

Long term investor

1. Software, cost saving - driving efficiency - debate PE ratio - a lot of them are corrected
2. Long term - E part - profitability - margin
3. Earning season - key takeaways - margin
4. Retail investor - what role they play?