---
title: "Buy the dip in AI stocks says Goldman Sachs"
description: "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 "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/214283449.md"
published_at: "2024-09-13T11:33:15.000Z"
---

# Buy the dip in AI stocks says Goldman Sachs

> 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.

Investing.com -- Goldman Sachs (NYSE:GS) analysts told investors in a recent note to seize the opportunity in AI stocks following a recent dip, stating that AI-related companies remain fundamentally strong.

"Buy the dip in AI," the investment bank titled its note. They explained that their AI data centers basket (GSTMTDAT) and AI PC&mobile device upgrades basket (GSXUPCAI) have "reverted back to the benchmark," while the Broad AI basket (GSTMTAIP) is down 12% from its year-to-date highs.

Despite this drop, these stocks "beat earnings by an average of 8%," which is around 3 percentage points higher than the S&P 500, and are now trading at a discount to forward earnings expectations.

Goldman Sachs highlighted several key factors likely to support a recovery in AI stocks.

They anticipate lower interest rates boosting IT projects, while the conclusion of the upcoming election is expected to reduce economic policy uncertainty.

Moreover, the bank anticipates tangible progress in AI products at upcoming industry conferences.

Referring to recent developments, they cited a notable comment from NVIDIA’s CEO at a Goldman tech conference, who emphasized the significant return on investment for hyperscale customers, noting that for every $1 spent on NVIDIA (NASDAQ:NVDA) infrastructure, $5 in rental revenue is generated.

Furthermore, the bank says valuations in the AI space have now normalized.

According to Goldman Sachs, their AI data center and broad AI baskets are only slightly above the S&P 500 in terms of valuations, following a period of elevated premiums in the spring.

They believe "AI expressions are cheap to YTD earnings trends," and further declines would likely require "fresh bad news," which they view as unlikely.

Goldman also highlights the growing role of data centers in driving U.S. power demand, projecting that they will account for approximately 90 basis points of a 2.4% U.S. power demand CAGR through 2030.

This content was originally published on Investing.com

### Related Stocks

- [06682.HK - PHANCY](https://longbridge.com/en/quote/06682.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 港股异动：MiniMax 港交所上市引爆市场，第四范式股价飙升 18.46% | 第四范式涨 18.46%；地平线机器人-W 跌 5.24%，成交额达到 25.53 亿港币；商汤-W 涨 5.67%，成交额达到 22.27 亿港币；微盟集团大涨 22.39%，成交额达到 13.72 亿港币；小马智行-W 跌 1.17%， | [Link](https://longbridge.com/en/news/272223023.md) |
| Phancy Group 从 FOURTH PARADIGM 更名，并更改香港股票简称 | Phancy Group Co., Ltd. 已于 2026 年 1 月 7 日正式从北京第四范式科技有限公司更名。此次更名不会影响股东的权利或运营，现有的股票证书仍然有效。香港证券交易所的股票简称将于 2026 年 1 月 20 日由 “ | [Link](https://longbridge.com/en/news/272557553.md) |
| 星展分析师上调评级后 云顶新加坡股价涨逾 3% \| 联合早报网 | 星展集团研究将云顶新加坡的评级上调至 “买入”，目标价为 0.90 元，认为通过回购或发放特别股息等资本回报计划，该股有望提升估值并释放股东价值。云顶新加坡股价上涨 3.25%，报 0.795 元。分析师指出，公司每股净现金超过 0.27  | [Link](https://longbridge.com/en/news/276314423.md) |
| 当 “智能马桶” 成为 “AI 存储” 标的 | 凭借在精密陶瓷领域的技术壁垒，TOTO 已卡位 AI 算力背后的关键一环——NAND 存储芯片制造，且该业务已贡献了公司 40% 的营业利润。 | [Link](https://longbridge.com/en/news/276202363.md) |
| 阿克迈技术｜10-K：2025 财年营收 42.08 亿美元超过预期 |  | [Link](https://longbridge.com/en/news/276486503.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
