Goldman Sachs Strategist: Increased volatility in chip stocks may make large tech giants a better choice for AI sector allocation

Jinse Finance reported that on June 26, Goldman Sachs strategist Christian Mueller-Glissmann stated that within the artificial intelligence-related trading sector, as chip manufacturer stock prices continue to fluctuate, the investment appeal of large technology stocks may further increase. Mueller-Glissmann pointed out that the current market leaders are chip companies and those benefiting from AI capital expenditures, rather than hyperscale cloud service providers; these chip stocks belong to the most volatile segment of the AI industry chain, with large amounts of capital leveraging exchange-traded funds, options, and other instruments to concentrate and leverage their positions. The Goldman Sachs head of asset allocation research said, “If the AI sector’s upward momentum continues, investors should increase allocations to cloud service providers and reduce holdings in semiconductor stocks. Semiconductors are the most volatile link in the AI capital expenditure chain.”