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Deutsche Bank upgrades US tech, says selloff has gone too far

Nov 2 (Reuters) - 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.

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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 (Reuters) - Deutsche Bank ⁠turned bullish on US technology stocks, reversing ⁠a downgrade made three weeks ago, sayinga 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.

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