Citi cuts tech stock weighting: 'Difficult to see how everyone in AI/Tech path wins'

Citi has advised investors to reduce their exposure to tech stocks, citing a challenging environment for the sector. The bank highlighted skepticism about the sustainability of high valuations in AI and tech, suggesting it's unlikely that all companies on this growth path will succeed. This move reflects broader concerns about market saturation and competition within the tech industry, signaling a potential shift in investor sentiment. The implications could lead to more cautious investment strategies and a reevaluation of tech portfolios.