The Kospi index is the leading indicator for the global AI trade — and Goldman just slashed its forecast by 25%
Summary
Goldman has significantly lowered its target for the Korean market, with the reduction reaching twenty-five percent. This adjustment stems from increased market volatility and a drop in the valuation multiples investors currently apply to artificial intelligence stocks.
A reduction in the growth multiple that investors are prepared to pay for AI stocks and a rise in volatility has forced Goldman strategist Tim Moe to take an axe to his Korean market target.
Source: Read the full story at MarketWatch.com - Top Stories
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