Citi downgrades US stocks to ‘neutral’ as AI sell-off, regulatory risks mount
Citigroup strategists downgraded US stocks to “neutral” from “overweight,” saying they wanted to see cleaner investor positioning and more stable sentiment towards artificial intelligence stocks following a sharp…
Attributed summary
Citigroup strategists downgraded US stocks to “neutral” from “overweight,” saying they wanted to see cleaner investor positioning and more stable sentiment towards artificial intelligence stocks following a sharp sell-off driven by concerns about surging AI spending and tighter regulation, Reuters reported.“We worry that positioning on key indices, such as the Nasdaq, could reset lower into net-short territory,” strategists led by Beata Manthey said in a note on Monday.For live updates…
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