Goldman Sachs: It's time to take profits on US tech stocks and look at investments elsewhere

Goldman Sachs Asset Management has withdrawn its investment from overvalued technology stocks and shifted its focus to energy stocks and the Japanese stock market. The energy sector may benefit from the growth in global energy demand, while the Japanese stock market is attractive to investors due to relatively lower valuations, economic factors, and policy support. Goldman Sachs remains optimistic about the stock market but believes that technology stocks may face downward pressure. In addition, Goldman Sachs expects the US economy to achieve a soft landing, but there are still risks. Goldman Sachs maintains a cautious stance on utilities, real estate investment trusts, and small-cap stocks. Some small-cap stocks with lower valuations that may become acquisition targets in the AI field remain attractive