[Citi is bullish on European stocks and downgrades U.S. stocks: low AI exposure is a key advantage] On November 9, Citi strategists downgraded U.S. stocks and the global technology sector, while raising their ratings on European stocks on the grounds that the latter have lower exposure to AI turbulence. Citi strategists downgraded U.S. stocks and technology stocks to neutral, while raising European stocks except the United Kingdom to overweight, noting that the region can benefit more from falling oil prices. Citi remains bullish on the prospects for AI but believes there is room for further selling until sentiment stabilizes and earnings revisions provide a firmer basis for the deal, Manthey wrote in a client note. Europe's diversified equity markets are becoming an attractive trading target as global investors seek to reduce exposure to artificial intelligence-related stocks. The market's mix of solid industrials, banks and defensive leaders helped Europe avoid the worst of last week's turmoil.