Goldman Sachs The Markets Why tech stocks could keep rallying
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May 16, 2025 Tech stocks are regaining strength after a rough start to the year, thanks to strong earnings and clarity on trade tariffs. There's a notable focus on artificial intelligence driving market interest. Despite market volatility, the S&P saw a 12% earnings growth, outperforming expectations. The conversation highlights a trend where investors are moving from smaller stocks to mega-cap tech companies, all while weaving in some playful sports references. Tune in for insights on positioning strategies in this dynamic landscape!
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Tech Stocks Rally Factors
- Tech stocks rallied after a severe drop earlier in the year.
- Positive earnings, tariff clarity, and repositioning drove the recovery.
Market Theme Shifts with Earnings
- The market shifts focus yearly between themes like AI and tariffs.
- Q1 earnings showed investment will drive returns, reassuring investors.
Tech Earnings Resilience
- Tech companies remain healthy despite tariffs and volatility.
- Q1 tech earnings grew faster than broad market expectations.