Goldman Says Tech Bull Market Has Room to Run
Bloomberg 2026-10-08 17:23:22
Context: Goldman Sachs Wealth Management's Matt Weir is optimistic about the tech bull market, suggesting it has room for further growth despite the recent concentration of market gains among a few large technology stocks. Weir expects capital spending by major tech companies, known as hyperscalers, to continue growing at a pace well above the overall economy, although at a decelerated rate from its current extraordinary levels. He appeared on "Bloomberg Tech" with Ed Ludlow to discuss his outlook.
Key Facts
- Goldman Sachs Wealth Management's Matt Weir believes the tech bull market has room to run, contrary to concerns that the market gains' recent concentration among a few large tech stocks signals its end.
- Weir expects hyperscaler capital-spending growth to decelerate from its current extraordinary pace but remain well above overall economic growth.
- The trajectory of tech stocks will ultimately be determined by earnings, according to Weir.