A generational buying opportunity has opened up for U.S. tech stocks, says Goldman Sachs

Goldman Sachs’ equity strategists say a “generational buying opportunity” has opened in U.S. tech as the sector has underperformed the broader market for the worst stretch in decades. They point to a reset in tech’s valuation metrics — trailing PEG now below the global aggregate and near the 2003–05 trough — and a P/E that has fallen below several cyclically exposed sectors despite strong earnings growth, high ROE and positive revisions. Goldman argues the gap between performance and fundamentals makes tech attractive, and that geopolitical-driven oil and rate dynamics could further support the sector. Market moves include a sharp oil and gold rally amid Middle East tensions, while broader indices show mixed short-term performance.