Goldman Sachs
May 14, 2026
Asia Markets and Corporate Updates
Market ReportEquitiesMacro Economic IndicatorsRates Govt BondsInformation TechnologyCommunication Services
Goldman Sachs Asia updates its macro forecasts, pushing back Fed rate cuts while highlighting strong AI-driven results for Alibaba and a massive target price increase for Hon Precision.
Key Takeaways
- 1.GS pushed back expected Fed rate cuts to Dec 2026 and March 2027 due to inflation surprises and labor market strength.
- 2.Hon Precision (Foxconn) target price raised significantly to NT$12,000 following an upbeat capacity growth outlook driven by AI/HPC demand.
- 3.Alibaba is seeing cloud revenue acceleration with AI-related products expected to scale to >50% of external cloud revenue over the next year.
Table of Contents
- EVENTS TO HIGHLIGHT – RSVP
- SALES HIGHLIGHT
- China Sentiment
- US equities
- KEY RESEARCH
- RECENT INITIATIONS
- RATING CHANGE
- EVENTS TODAY
- MORE IN FOCUS
- GS CONFERENCE
- GS FIELD TRIPS
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Sally YERonald Keung
Securities
BABA700 HK7769.TWMXAPJ
Themes
AI Infrastructure and Cloud MonetizationMonetary Policy HawkishnessGeopolitical Stabilization
Regions
Asia PacificNorth AmericaChinaUnited StatesJapan