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US bank stocks
Trends
- 1Citi tells clients to buy the next market dip▼Citi tells clients to buy the next stock market dip as AI trade gathers momentum ahead of midterms
Citi has advised clients to buy the next dip in stock markets, arguing the rally driven by artificial intelligence stocks still has momentum heading into the US midterm elections. The call signals continued institutional confidence in the AI trade despite elevated valuations, and investors are weighing whether to follow the bank's advice or take profits amid concerns about a possible pullback.
- 2Saudi Central Bank Increases Its Stake in Meta Platforms▼Meta Platforms, Inc. $META Stock Holdings Raised by Saudi Central Bank
The Saudi Central Bank has raised its holdings in Meta Platforms stock, according to a regulatory disclosure picked up by financial news outlets. The move by the institution that manages the kingdom's reserves adds to growing Gulf interest in US technology shares. Investors are watching sovereign wealth exposure to Big Tech as Meta continues spending heavily on artificial intelligence.