Big Tech stocks may be 'opportunity for investors' after decline

Goldman Sachs strategists say the Nasdaq 100 selloff has led to historically cheap valuations for tech stocks while earnings estimates are still rising

The Nasdaq MarketSite in New York.  

US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs.

They say that the selloff has led to historically cheap valuations for the tech stocks at a time when earnings estimates are still rising.