Goldman Sachs Managing Director Greg Tuorto thinks the market looks healthy for small-cap stocks.
In the new interviewTuorto says that small caps have had a tough 3-4 years since the US Federal Reserve started raising rates, and they haven’t seen the expected tail since the Fed started cutting.
“We’re starting to see a better way to get money in small caps. We think it’s going to be much stronger than the big-caps. We also think they’re very cheap. About 25 – 30 percent cheaper than large caps. Also, you have an opportunity in the IPO market, which should help.
When it comes to small spaces, Tuorto says that the “picks and shovels” aspect of AI is the best way to achieve long-term profitability.
“I think you’re looking at semiconductors. Semiconductor cap equipment, which didn’t exist two years ago and is now a leading part of the market. And some of the lighting hardware that’s supposed to connect the data center together. You know, there’s a lot of opportunity here. A lot of ways to play.
The Goldman Sachs chief also says investors should focus on the biotech and security sectors.
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