Recurring series
Goldman SachsUS TMT Quick Hits
Finvaulta tracks 6 editions of US TMT Quick Hits from Goldman Sachs, published between May 14, 2026 and August 13, 2026. Each edition is summarized on its own page.
Latest edition · August 13, 2026
GS Callahan - TMT quick hits - 13 Aug 2026
The Nasdaq-100 rose 115 bps to reach 11% off its July lows, driven by gains in software and memory stocks. Applied Materials posted a beat-and-raise F3Q after market close, while market odds of a September Fed rate hike fell to 33%.
Goldman Sachs' TMT daily note details a 115 bps gain in the NDX, pushing the index within 2% of new all-time highs. Software returned to flat YTD behind strength in security (+80-100% YTD) and consumption (+50-80% YTD), despite persistent underperformance in traditional SaaS giants. In earnings, Applied Materials (AMAT) delivered an F3Q beat ($9.12bn revs) and F4Q guidance of $10.25bn revenue (vs $9.6bn consensus), highlighting strong demand visibility into 2027. Elsewhere, Bloomberg WIRP screens show September Fed rate hike odds falling to 33% from over 70% earlier in the month.
Read the latest edition in fullKey takeaways from the latest edition
- 1.The Nasdaq-100 (NDX) rose 115 bps as tech stocks continued to rally 11% off July lows, leaving the index 2% away from new all-time highs while trading at ~22.5x forward P/E.
- 2.Applied Materials (AMAT) reported F3Q revenue of $9.12bn and guided F4Q revenue to $10.25bn (above consensus of ~$9.6bn), noting high visibility into 2027 growth.
- 3.The software sector rebounded to flat YTD, led by massive gains in Security (+80-100%) and Consumption (+50-80%), though major SaaS names remain heavy YTD laggards.
What this series covers
- Software
- AMAT -4% AHs
- charts & stocks in focus
- What hike?
- Closing the gap
- NVDA
- NDX
Edition archive
Series at a glance
- Editions tracked
- 6
- First edition
- May 14, 2026
- Latest edition
- August 13, 2026