Deutsche Bank upgrades US tech, says selloff has gone too far - CNA
Direct Source Verification:
This story is aggregated from CNA (Channel NewsAsia) (channelnewsasia.com). Full reporting rights and copyright belong to the primary publisher.
FILE PHOTO: The logo of Deutsche Bank is seen on the roof of a building outside a Deutsche Bank branch office in Malaga, Spain, April 24, 2024. REUTERS/Jon Nazca/File Photo
FILE PHOTO: The logo of Deutsche Bank is seen on the roof of a building outside a Deutsche Bank branch office in Malaga, Spain, April 24, 2024. REUTERS/Jon Nazca/File Photo
Nov 2 : Deutsche Bank turned bullish on US technology stocks, reversing a downgrade made three weeks ago, saying a sharp selloff has created an attractive buying opportunity and much of the AI-related risk was already priced in.
More than $2 trillion was wiped off the Nasdaq 100's market value last month, as investors reassessed AI-related investments and growth expectations.
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Original Source
https://www.channelnewsasia.com/business/deutsche-bank-upgrades-us-tech-says-selloff-has-gone-too-far-6512491
