Buy the dip in AI stocks says Goldman Sachs
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Goldman Sachs analysts recommend buying AI stocks after a recent dip, asserting that these companies remain fundamentally strong. They noted that their AI baskets have reverted to benchmarks, despite a 12% decline from year-to-date highs. AI stocks have outperformed earnings expectations and are trading at a discount. Factors supporting recovery include anticipated lower interest rates and reduced economic policy uncertainty post-election. Goldman Sachs also highlights normalized valuations in the AI sector and the increasing impact of data centers on U.S. power demand.
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