Goldman Sachs: Innovation + Low Interest Rates = "Miracle Moment" for Tech Stocks
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Goldman Sachs analyst Kash Rangan pointed out that technology stocks need both low interest rates from the Federal Reserve and innovative achievements to achieve profit growth of over 20%. Despite the recent pressure on technology stocks, Rangan emphasized that the growth of the technology industry should recover from 11% to 20%-30%. The low interest rate environment can reduce the cost of capital, enhance investment returns, and the market is currently focusing on the Federal Reserve's policy direction. Goldman Sachs Chief Economist Jan Hatzius' analysis suggests an expected range of 25 to 50 basis points for interest rate cuts
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