Goldman Sachs strategist: Chip stock volatility intensifies, large tech giants may become better investment targets in the AI sector.

Goldman Sachs strategist Christian Muller-Grisman said that in the artificial intelligence-related trading track, as the stock prices of chip manufacturers continue to fluctuate, the investment attractiveness of large technology stocks may further increase. Muller-Grisman pointed out that the leading sector in the current market is chip companies and AI capital expenditure beneficiaries, rather than cloud hyperscale service providers; these chip stocks belong to the highly volatile sector in the AI industry chain, with a large amount of funds heavily invested in leveraged positions through exchange-traded funds, options, and other tools. The Goldman Sachs asset allocation research director said, "If the momentum of the AI sector continues to improve, investors should increase their allocation to cloud service providers and reduce their holdings in semiconductor stocks. Semiconductors are the most volatile link in the AI capital expenditure chain."