Goldman Sachs Says It’s Time to Buy Tech Stocks

Goldman Sachs recommends buying Big Tech after a sharp underperformance, saying megacaps such as Microsoft, Nvidia and others are trading at below 20-times expected earnings and look undervalued. Analyst Peter Oppenheimer argues cheaper valuations reduce bubble concerns and that a prolonged Iran conflict could pressure central banks toward rate cuts—an outcome that would likely boost technology’s relatively resilient cash flows. The note highlights recent weakness (Roundhill’s Magnificent Seven ETF is down about 5% since Feb. 28) while individual names showed mixed moves (Nvidia slid about 1% to $175.87). The call is effectively an institutional outlook supporting a defensive, buy-the-dip stance in US tech stocks and the US Tech 100 index.