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Citi’s Montagu Warns US Tech Rally at Risk From Profit Taking
Yahoo Finance·2025-10-07 17:59

(Bloomberg) — US technology stocks face growing risks as investors seek to cash in on this year’s record-breaking rally, according to Citigroup Inc. strategists. The Nasdaq 100 (^NDX) is most vulnerable to the threat, after soaring 46% from its April lows thanks to resurgent enthusiasm around advances in artificial intelligence. The tech-heavy benchmark set its latest record on Monday after Advanced Micro Devices Inc.’s (AMD) blockbuster deal with OpenAI (OPAI.PVT). Most Read from Bloomberg The Nasdaq 1 ...