# Goldman Sachs Desk Sees 2027 as Possible Semiconductor Peak

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/47949
Published: 2026-11-03T19:13:59.000Z
Updated: 2026-11-03T19:13:59.000Z
Section: Investing

> The desk called capital-spending anxiety “extremely high” as the Philadelphia Semiconductor Index traded at about 12.16x forward earnings.

Goldman Sachs’ Delta One desk sees 2027 as a possible peak for semiconductors. The desk described anxiety about capital spending as “extremely high.”

The Philadelphia Semiconductor Index (SOX) traded at about 12.16x forward earnings as semiconductor valuations fell to levels not seen in years. The desk framed a 2027 peak as a possibility, not a certainty.