US stock market AI selloff

09 Nov 2026 · 16:46

US market remains tied to tech stocks despite sharp AI sell-off

Despite the sharp pullback in artificial intelligence stocks, the US equity market remains heavily dependent on the technology sector, leaving investors alert to risks that could disrupt the trade in the coming weeks, Reuters reported.A month-long decline in technology and AI-linked stocks culminated this week in the S&P 500 technology sector’s steepest one-day fall in more than six years. Investors fear that Democratic victories in the midterm elections could slow the data-centre spending that has helped drive the broader market rally, Reuters reported.Technology nevertheless remains the

10 Nov 2026 · 00:42

Citi downgrades US stocks to 'neutral' as AI sell-off, regulatory risks mount

Citigroup strategists downgraded US stocks to “neutral” from “overweight,” saying they wanted to see cleaner investor positioning and more stable sentiment towards artificial intelligence stocks following a sharp sell-off driven by concerns about surging AI spending and tighter regulation, Reuters reported.“We worry that positioning on key indices, such as the Nasdaq, could reset lower into net-short territory,” strategists led by Beata Manthey said in a note on Monday.For live updates on US Markets, click hereCiti also cut its ratings on the global and European technology sectors to “neutral”