Recurring series
Goldman SachsGS TMT Spec Sales
Finvaulta tracks 11 editions of GS TMT Spec Sales from Goldman Sachs, published between June 6, 2026 and October 5, 2026. Each edition is summarized on its own page.
Latest edition · October 5, 2026
GS Johnstone GS TMT SPEC SALES TSMC Terafab talks; DSY read from Schneider; BT acquires TalkTalk; DT AI CMD; AI Credit; Q3 semis preview 5 Oct 2026
Goldman Sachs TMT Specialist Sales highlights TSMC's talks regarding the Texas Terafab project, Schneider Electric's $23.7bn acquisition of PTC, and BT's acquisition of TalkTalk. The note also examines rising credit market implications from AI debt supply, and previews constructive Q3 semiconductor earnings setups.
In this daily update, Sean Johnstone outlines major corporate and macro developments across TMT. TSMC reached record highs amid discussions over Elon Musk's Texas Terafab project, while M&A in Europe headlined by Schneider Electric's $23.7bn purchase of PTC puts pressure on Dassault Systèmes, and BT acquired TalkTalk out of administration for a c.£400m cash impact. GS Research remains positive on semiconductors heading into Q3 earnings following the SOX pullback, preferring AMAT, STX, and MCHP. Concurrently, Adam Crook notes that massive AI capex is driving hundreds of billions in debt issuance, threatening to keep long-end bond yields structurally elevated and making hyperscaler revenue monetization crucial.
Read the latest edition in fullKey takeaways from the latest edition
- 1.TSMC reached all-time highs following Elon Musk's confirmation of talks regarding a potential operating partnership in the US$55–119bn Texas Terafab project.
- 2.Schneider Electric is acquiring PTC for $205 per share (EV ~$23.7B), validating industrial software valuations and increasing competitive pressure on Dassault Systèmes.
- 3.AI capital expenditure is evolving into a significant credit and rates issue, with hyperscaler debt issuance projected to hit $250bn in 2026 and $420bn in 2027.
What this series covers
- AI & SEMIS
- IN EUROPE 2 PIECES OF M&A
- AWAY FROM GS: TECH
- TELCOS
- MEDIA & INTERNET
- MACRO AND TRADING
Edition archive
GS Johnstone GS TMT SPEC SALES TSMC Terafab talks; DSY read from Schneider; BT acquires TalkTalk; DT AI CMD; AI Credit; Q3 semis preview 5 Oct 2026
October 5, 2026
GS TMT SPEC SALES – Adyen topline good enough-2
August 13, 2026
GS TMT SPEC SALES – Adyen topline good enough
August 13, 2026
GS TMT SPEC SALES – Adyen topline good enough-2
August 13, 2026
GS TMT SPEC SALES : ASML raises EUV capacity; Elisa light; Stripe looks at PayPal; IBM warns; DHER talks with Uber continue; Anthropic play in K-12
July 15, 2026
GS TMT SPEC SALES : Telcos satellite risk debate; GPT-5.6 & Grok 4.5 launch; MSFT preview; Software benchmarking; Vivendi; VOD germany mgt change
July 9, 2026
GS TMT SPEC SALES : Cannes Lions; Micron & Qualcomm expectations are high; RMV - UK political risk; Software SAP programmer vs vibe coding
June 22, 2026
GS TMT SPEC SALES: ASML Geopolitcis; ACN disappoints; Wolters preview; BESI takeaways; InPost:Allegro deal
June 19, 2026
GS TMT SPEC SALES French consoldiation; DHERO more options; Indra & DSY -ve FCAS; OpenAI files; Apple WWDC; Orange Spain
June 9, 2026
GS TMT SPEC SALES French Consoldiation MOU signed; Tech sell off SOX -10%; ASML Elon at partner conf; Google turns up heat; Adyen questions
June 8, 2026
GS TMT SPEC SALES Media the case for the unloved European media and internet sector
June 6, 2026
Series at a glance
- Editions tracked
- 11
- First edition
- June 6, 2026
- Latest edition
- October 5, 2026