Goldman Sachs says semiconductor stocks, not oil, now drive asset price moves
Overview
Goldman Sachs research finds semiconductor stock moves explain about 54% of asset price divergence over the past three weeks, while oil prices explain 2%, according to IT之家, which reports the findings.
Goldman strategists say investor sentiment has not yet reached levels that have historically signaled buying opportunities.
The report comes as the KOSPI rose as much as 5% intraday on Tuesday after Anthropic filed for an IPO, per the same source.
Written by AI from the articles below · updated Oct 27, 2:40 PM ET
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- IThome · AINewsGoldman says semiconductor stocks now move asset prices more than oil
AIGoldman Sachs research finds semiconductor stock moves explain about 54% of asset price divergence over the past three weeks, while oil prices explain 2%. Strategists say investor sentiment has not yet fallen to levels that historically signal buying opportunities, and the KOSPI rose as much as 5% in intraday trading on Tuesday after Anthropic filed for an IPO.
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