The market experienced a sell-off earlier this week. So is now a good time to buy into tech? Luke Barrs, Goldman Sachs Asset Management Fundamental Equity Managing Director, joins Yahoo Finance to give his insight into the tech trade.
"Selectively, there’s great opportunity across the broad market, but specifically in tech as well. There are some transformational themes that are coming through that are driving earnings," Barrs says.
He notes that there was likely some froth in the market, so the recent sell-off was likely healthy for stocks.
"When we come to technology, what is very apparent is not just the macroeconomic picture, but also the fact that people want to see… evidence that that gen AI trade is actually driving positive outcomes," Barrs adds.
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