Semiconductor Market Outlook The recent decline in semiconductor stocks may be excessive, with current market levels offering an attractive buying opportunity for investors, according to a report by Goldman Sachs, which expects the sector to recover despite near-term uncertainties over artificial intelligence (AI) infrastructure spending. Goldman Sachs said the semiconductor index, or SOX, has recorded its sharpest relative decline against the S&P 500 in the last 10 years, with the current drawdown.