[Citi Downgrades US and Tech Stocks, Shifts to Bullish on European Stocks] BlockBeats reports that on November 9th, Citi downgraded its ratings for US, global, and European tech stocks to "neutral," citing weakening sentiment in the AI market and the risk of further sell-offs. The bank warned that the Nasdaq could fall another 5% before a decisive shift to a bearish position. While Citi remains constructive on AI in the medium term, it expects more stable market sentiment and earnings expectations before reverting to a bullish stance. Meanwhile, European equities excluding the UK were upgraded to "overweight," benefiting from lower oil prices and lower exposure to tech stocks.