#techstocks

undefined | Goldman and Wells Fargo say buy tech stocks, it's rare for them to get this cheap Goldman Sachs and Wells Fargo are becoming more constructive on technology stocks after a recent pullback, arguing that the dip has created a rare entry point for investors. The S&P 500 Information Technology sector has lagged the broader market with a roughly 7 % year‑to‑date loss as investors debated whether heavy AI‑related capital spending will translate into sustained profits. Both firms say the weakness has pushed valuations to unusually attractive levels. Wells Fargo upgraded the S&P 500 technology sector from neutral to favorable, citing strong fundamentals, double‑digit earnings growth and solid balance sheets. The bank added that corporate AI spending is likely to reach about $650 billion this year and that concerns about AI displacing entire industries or causing massive unemployment are overstated. The upgrade reflects the view that pessimism around the sector is overdone and that valuations have eased after the drawdown. Goldman Sachs echoed this sentiment, noting that the sector’s valuation relative to expected growth has fallen below that of the broader market—a rare occurrence for an area that typically trades at a premium. The firm highlighted that valuation metrics are now at levels last seen after the early‑2000s tech bust, while growth rates remain strong. Both banks acknowledge geopolitical risks and questions about AI’s broader economic impact but believe those concerns are unlikely to derail the longer‑term upward trajectory of technology stocks. Read more: undefined #informationtechnology #ai #techstocks #earningsgrowth

Bloomberg Technology | Tesla’s Sales Miss, Next Stage of NASA’s Moon Mission | Bloomberg Tech 4/2/2026 Bloomberg’s Tim Stenovec discusses the roller coaster for tech stocks as the market reacts to the ongoing conflict with Iran. Plus, Tesla posts one of its worst sales quarters in years, disappointing Wall Street even as the company tries to convince investors its future is in AI. And, NASA’s Artemis II crew prepares to fire their engines toward the moon. (Source: Bloomberg) Read more: https://www.bloomberg.com/news/videos/2026-04-02/bloomberg-tech-4-2-2026-video #tesla #nasa #iran #artemisii #techstocks