WS #16079
Goldman Sachs recommends rotating into unloved consumer-facing stocks as big tech earnings growth slows, marking a shift in institutional sentiment. Intel is rallying premarket on JPMorgan upgrades and optimism around Xeon AI workloads, contrasting with Microsoft’s withdrawal from a major data center deal. This divergence suggests selective opportunities within the tech sector rather than a broad-based rally.
US Equity Rotation and Tech Divergence
Goldman Sachs recommends rotating into unloved consumer-facing stocks as big tech earnings growth slows, marking a shift in institutional sentiment. Intel is rallying premarket on JPMorgan upgrades and optimism around Xeon AI workloads, contrasting with Microsoft’s withdrawal from a major data center deal. This divergence suggests selective opportunities within the tech sector rather than a broad-based rally.