Mainland China has been battling its worst Covid outbreak since the initial phase of the pandemic in 2020. Goldman Sachs says these are the tech stocks to buy.
Investors worried about the supply chain shocks from China's Covid lockdowns can look to these tech stocks, according to Goldman Sachs. Goldman analysts said in a note on May 3 that the share price slump in the sector has likely "priced in the lockdown impact." On top of the supply chain disruptions from Beijing's strict zero-Covid policy, months of regulatory scrutiny from the Chinese government have continued to weigh on investor sentiment over the country's tech stocks.
An Ubtech Walker X Robot plays Chinese chess during the 2021 World Artificial Intelligence Conference at the Shanghai World Expo Center on July 8, 2021 in Shanghai, China.Investors worried about the supply chain shocks from China's Covid lockdowns can look to these tech stocks, according to Goldman Sachs.
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