Goldman Sachs strategist bullish on large tech stocks, says semiconductor sector has high volatility.

Goldman Sachs' strategist Christian Mueller-Glissmann stated that with the continuous volatility of chip manufacturers' stock prices, large tech stocks may become more attractive in the AI trading boom. Although the leaders in the market are mainly chip manufacturers and companies benefiting from AI capital expenditures, rather than super large-scale cloud service providers, Mueller-Glissmann pointed out that these leading stocks belong to a highly volatile part of the AI field, and have accumulated a large amount of positions and leverage through tools such as ETFs and options. "If you believe that the momentum of AI development continues to improve, you would want to diversify your investments into super large-scale cloud service providers and possibly reduce your exposure to semiconductors. Because in the AI capital expenditure landscape, semiconductors are the truly high-volatility part," said Mueller-Glissmann, head of asset allocation research at Goldman Sachs, in an interview.