U.S. Tech - 3-Month Change in Price vs. 3-Month Change in FY2 EPS

Until recently, U.S. tech earnings and stock returns have run hand in hand. With the correlation breaking down, dips are looking more like entry points, supported by solid growth prospects tied to AI adoption.

Image: Goldman Sachs Global Investment Research

U.S. Tech and Global Markets - Nasdaq Composite vs. MSCI World ex. U.S.