'Epic' tech selloff will continue unless mega cap Tech lifts revenue guidance: GS
A massive reversal of momentum favoring small-cap stocks over large-cap stocks is likely to continue, according to Goldman Sachs strategists.
"Small caps tend to be very sensitive to the US economic growth environment, and they strongly outperformed following Trump’s 2016 election. Small caps are also more domestic-facing than large caps and less vulnerable to tariffs," the analysts wrote in a report. The report also highlighted that investors are showing concern regarding the sales projections for large technology firms, known as hyperscalers.
This lack of growth in sales estimates is seen as a potential limiter to the performance of these large-cap tech stocks.
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