The time has come to determine profits with the largest AI-related stocks - Citigroup

2024/7/9 20:22 JST (some excerpts)
Sentiment against AI-related stocks has been strongest since 2019.
We should “rebalance to a wider range of AI stocks.”
There is no sign of the rise in artificial intelligence (AI) related stocks, but looking back on history, Citigroup strategists pointed out that now is the time to determine profits for the biggest stocks.

According to the Citi team led by Drew Pettit, sentiment on AI-related stocks has been strongest since 2019, and the free cash flow of most of these companies is expected to exceed analysts' expectations.
　　This situation usually suggests a “significant increase in volatility.” Also, there may be no signs of an overall bubble, but it is said that the rise in some stocks is a “cause for concern.”