Goldman’s Oppenheimer Dismisses Bubble Fears in US Tech Stocks

It’s too early to be worried about a bubble in high-flying US technology stocks. Most Read from Bloomberg That’s the view of Goldman Sachs Group Inc. strategist Peter Oppenheimer, who said the record-breaking rally in tech heavyweights has been accompanied by robust earnings growth. In past bubbles, the market was driven higher mainly by speculation. “Valuations of the technology sector are becoming stretched but not yet at levels consistent with historical bubbles,” Oppenheimer and his team wrote in a ...