There's no bubble in AI stocks – we are in the early stages of a tech cycle that should see further outperformance, Goldman Sachs says

Tech Insider
  • The breakneck rally in AI stocks has prompted unflattering comparisons with the dot-com bubble of the late 1990s.
  • But Goldman Sachs argues there's no bubble in AI stocks, and suggests they have more room to run.
  • "We are still in the relatively early stages of a new technology cycle that is likely to lead to further outperformance," a strategist at the bank said.

A stunning surge in artificial intelligence-related tech stocks has been the top US stock-market story of the year, with the likes of Nvidia delivering triple-digit returns.

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Tech Insider : Economy
Biden
President Joe Biden speaks about his administration's plans to protect Social Security and Medicare and lower healthcare costs at the University of Tampa in Tampa, Fla., on February 9, 2023.

AP Photo/Patrick Semansky

Investors can't get enough US debt as Treasury bills are bought at a record pace

Tech Insider : Economy
The United States Department of the Treasury building.
The United States Department of the Treasury building.

Celal Gunes / Anadolu Agency

Tech drags US stocks lower as Oracle drops and Apple slides after iPhone event

Tech Insider : Crypto
Apple CEO Tim Cook presents at WWDC 2023
Apple CEO Tim Cook speaks before the start of the Apple Worldwide Developers Conference at its headquarters on June 05, 2023 in Cupertino, California.

Justin Sullivan/Getty Images

A bullish signal for the stock market just flashed, indicating new 2023 highs are on the way

Tech Insider
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Spencer Platt/Getty Images

One unintended consequence of the unaffordable housing market: Crashing furniture sales

Tech Insider
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Furniture sales have softened as the housing market grows increasingly unaffordable.

Shutterstock

CHART OF THE DAY: A $5.6 trillion 'mountain of money' will help fuel a year-end rally for the stock market

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Bank of America

The biggest oil deficit since 2007 will hit in the 4th quarter as Saudi Arabia cuts supply

Tech Insider : Economy
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A worker prepares to transport oil pipelines to be laid for the Pengerang Gas Pipeline Project at an area 40km (24 miles) away from the Pengerang Integrated Petroleum Complex in Pengerang, Johor, Malaysia.

Reuters/Edgar Su

Decentralized cryptocurrency exchanges are awash in fake trades, research report says

Tech Insider
money laundering graphic
Wash trading is a form of market manipulation where a fraudster is essentially trading with themselves.

Vladimir Kazakov/Getty Images

Apple falls as investors monitor the release of the hotly anticipated iPhone 15

Tech Insider
Apple CEO Tim Cook stands next to the new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC23 developer conference with the announcement of the new Apple Vision Pro mixed reality headset.
Apple CEO Tim Cook.

Justin Sullivan/Getty Images

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