Deutsche Bank Upgrades U.S. Technology Stocks to 'Overweight' Following Recent Selloff

Deutsche Bank has upgraded its outlook on U.S. technology stocks to 'overweight,' asserting that the recent sharp sell-off, particularly in AI-linked names, presents an attractive buying opportunity as much of the downside appears to be already priced in. Over the past three weeks, tech and mega-cap growth stocks have underperformed the broader S&P 500 by more than 16 percentage points, falling approximately 11% while the overall index rose nearly 6%. This performance places the sector near the lower end of its historical trading range, a level that has historically preceded strong rebounds.