Citigroup Cuts US Equities to Neutral on AI Concerns
Citigroup strategists downgraded United States equities to neutral from overweight, citing rising concerns over artificial intelligence spending and potential new regulations following recent political shifts. The brokerage also reduced its outlook for global and European technology sectors.
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CITIGROUP INC lowered United States equities to neutral from overweight on Monday, citing mounting regulatory risks and soaring artificial intelligence spending. The downgrade marks a tactical shift following a market correction that wiped out $3 trillion in S&P 500 value. Investors are reassessing high-flying technology valuations amid growing political friction over infrastructure expansion.
