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AI Chip Stocks: Rally Continues Amidst Growing Pullback Risks
5 Jun
Summary
- Goldman Sachs notes AI chip stocks may continue to climb.
- The investment bank highlights increasing risks of a market pullback.
- Target increases were issued for key Asian stock market indices.
Goldman Sachs has issued a note suggesting that the upward trend in AI chipmaker stocks may continue. Despite this potential for further gains, the investment bank also highlighted that the risks of a significant market pullback are becoming more pronounced.
In light of these observations, Goldman Sachs updated its 12-month targets for several key Asian stock market indices. The MSCI Asia Pacific ex-Japan index saw its target raised from 990 to 1,080, indicating an expected upside of 17.2%. Similarly, the TAIEX target increased from 45,000 to 51,000, projecting a 12% rise, and the KOSPI target was significantly boosted from 9,000 to 12,000, implying a substantial 36.3% upside from current levels.
