Asia Tech Wire (Sep 6) -- Goldman Sachs strategists said that while there is no bubble in the tech sector, the risk of over-concentration of investment remains high, and investors seeking AI exposure should look beyond the tech giants.

The team, led by Peter Oppenheimer, wrote in a report that the high valuations of large tech companies are supported by revenue growth forecasts, but there is a risk that these companies will fail to deliver the expected return on investment.

The strategists noted that investors generally underestimate the growth potential of new entrants, which can benefit from capital expenditures by their peers.