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Tech Stocks Hit Rare Valuation Low: Goldman Sachs Analysis

Are Technology Stocks Cheap Now?

Goldman Sachs2026.04.09Updated 1d ago
Are Technology Stocks Cheap Now?

Global technology stocks started 2026 with one of the worst periods of underperformance relative to non-tech sectors since the early 1970s. The decline means they are no longer expensive compared to the rest of the stock market, according to Goldman Sachs Research.

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Global technology stocks are experiencing their worst relative performance since the early 1970s, making them surprisingly affordable compared to other sectors. Goldman Sachs Research indicates that tech valuations have finally aligned with broader market levels after years of premium pricing. This shift presents potential opportunities for investors seeking entry points in the technology sector.

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