Goldman Sachs logo
Goldman Sachs

May 18, 2026

TMT Specialist Sales Update

Weekly UpdateEquitiesMacro Economic IndicatorsInformation TechnologyCommunication Services

A Goldman Sachs TMT update highlighting Publicis' acquisition of LiveRamp, upcoming NVIDIA earnings, and extreme tech concentration in the S&P 500.

Key Takeaways

  • 1.Publicis Groupe announced a definitive agreement to acquire LiveRamp for an enterprise value of $2.167 billion to expand data collaboration and AI capabilities.
  • 2.The S&P 500 YTD return of 10% is heavily concentrated, with technology accounting for 85% of that performance.
  • 3.ASML is partnering with Tata Electronics to build India's first commercial semiconductor fab, signaling a strategic move into the Indian market.

Table of Contents

  • TODAY'S WRAP
  • TECH
  • TELCOS
  • MEDIA & INTERNET
  • GAMBLING
  • MACRO AND TRADING
  • 2026 EMEA Conferences
  • 2026 Conferences
  • TMT RESEARCH TEAMS

Document Preview

Page 1 of 5
Page 1 of TMT Specialist Sales Update
Subscribe for full access

Access the Full Report

Get unlimited access to institutional research reports with a 14-day free trial.

Authors

Sean Johnstone

Securities

PUBRAMPASMLNVDABT/ASpaceX

Themes

AI-Driven Market ConcentrationIndia Semiconductor Infrastructure DevelopmentAd-Tech and Data Collaboration M&A

Regions

North AmericaEuropeAsia PacificUnited StatesUnited KingdomIndia

Browse More

Goldman SachsWeekly UpdatePUBRAMPASMLEquitiesMacro Economic Indicators

Related Reports

Good Morning Mail

Jun 12, 2026

GS Flow and Positioning Observations

Jun 12, 2026

GS Consumer: Luxury Feedback Flows and Positioning

Jun 12, 2026

TMT Specialist Sales Daily Wrap

Jun 12, 2026

GS Basics: Risk Bounce, Software Debate, and Oil Length

Jun 12, 2026