Goldman Sachs is bullish about generative artificial intelligence: It expects it will drive upside in the broader S & P 500 — and one specific corner of tech. An AI-fueled rally has already brought the S & P 500 to highs this year, but Goldman predicts there's going to be further upside. Thanks to demand for generative AI, supply of AI server equipment is likely to get a boost in the next couple of years, Goldman Sachs said in a separate report on June 1. Currently, there are around 150,000 units of generative-related AI server shipment this year — around 1% of total server shipment, according to the bank. It named buy-rated Unimicron , giving it a price target of 235 Taiwanese dollars, or upside of around 33%, as well as Kinsus (price target of 180 Taiwanese dollars, or 55% upside), Taiwan Union Technology (price target of 93 Taiwanese dollars, or 22% upside) and Elan Microelectronics (price target of 250 Taiwanese dollars, or 141% upside).

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Persons: Goldman Sachs, Goldman, there's, — CNBC's Michael Bloom Organizations: Gold, Electronics, Taiwan Union Technology, Elan Microelectronics Locations: Taiwan