Until AI sentiment improves, Citi tells investors it’s better to sit out the global tech trade
Summary
Citi advises investors to stay out of the global technology sector for now. The financial institution believes that positioning in the market must clear out further before sentiment around artificial intelligence improves enough to justify a return to an overweight position.
Despite recent weakness, Citi’s global strategy team thinks tech positioning needs to get cleaner before they would revert to their previous overweight stance.
Source: Read the full story at MarketWatch.com - Top Stories
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