The bank sees the recent decline in cloud giants as a pre-earnings entry point for investors.
Goldman Sachs recommends purchasing shares of major US hyperscalers, including Amazon, Microsoft, Alphabet, Meta, and Oracle, following a 17% drop in its hyperscaler index. The pullback is viewed as a strategic opportunity ahead of the upcoming earnings season.
The index’s decline marks one of the sharpest corrections in the sector this year, contrasting with its strong performance in prior quarters. Analysts suggest the sell-off reflects broader macro concerns rather than fundamental weaknesses in cloud growth.
No immediate market reaction was specified, but the call aligns with a broader rebound narrative in tech stocks.