Tech stock reset 'mostly happened' already amid higher interest rates

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Eric Sheridan, Goldman Sachs Americas Equity Research Managing Director, sits down with Yahoo Finance Executive Editor Brian Sozzi at the Goldman Sachs Communacopia & Technology Conference to discuss the state of mega-cap stocks and how investors are evaluating tech stocks amid an elevated interest rate environment. "If we end up with higher rates than that, we'll have to go through another valuation reset probably for the broader group," Sheridan explains. "But our house view... would be the recession probability is coming down and the Fed is unlikely to raise rates anytime soon in the next couple of meetings." Sheridan goes into greater detail on the potential of Amazon (AMZN) being broken up by an FTC antitrust lawsuit, Meta Platforms' (META) outlook, and Uber's (UBER) growth. Click here for more of Yahoo Finance's coverage from the Goldman Sachs Communacopia tech conference. Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: Connect with Yahoo Finance: Get the latest news: Find Yahoo Finance on Facebook: Follow Yahoo Finance on Twitter: Follow Yahoo Finance on Instagram: Follow Yahoo Finance Premium on Twitter:
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