Citi Upgrades US Stocks on AI, Tech Strength

Citi has upgraded its stance on US stocks to overweight, citing a resurgence in artificial intelligence and technology sectors. Beata Manthey, head of European equity strategy at Citi, noted that AI, which faced uncertainty earlier in the year, has regained its footing. This strategic shift reflects a renewed confidence in the growth prospects and resilience of US equities, driven by advancements and adoption in AI technologies. The firm's analysis suggests that the tech sector's innovation is a key catalyst for this positive outlook.