Citi strategist: It is too early to declare the end of the AI boom

The team led by Dirk Wiele wrote in a research report: "It is premature to declare the end of the AI sector rally now." The strategy team believes that declining oil prices will only prompt short-term capital shifts to the European market. The team maintains an overweight position in the US stock market and Asian emerging markets, and points out that a bull market usually requires a significant interest rate hike to end. They added: "The Federal Reserve has not raised interest rates so far, and its balance sheet is still expanding. Therefore, we conclude that this bull market is, in all likelihood, intact."