Citi's equity trading strategy head Stuart Kaiser has given up on the firm's key trade of investing in hyperscalers and growth stocks after recent market declines. The strategy was based on the expectation that AI-focused companies would benefit from strong earnings and low investor positioning, but this prediction did not materialize. This shift signals caution among major investors regarding the tech sector's near-term prospects. Market participants may now reassess their exposure to growth and AI-related equities.
Citi's big tech trade shift offers context for Pluang's technology sector market. For readers following tech stocks, here is Pluang's market snapshot as of Nov 02, 2026 17:02 WIB: Out of 150 priced US technology stocks, 107 rose and 30 fell. Notable movers include Applied Digital Corporation (APLD) at USD 18.42 with a 3.37% increase, Credo Technology Group Holding Ltd (CRDO) at USD 156.00 up 3.32%, and Bitdeer Technologies Group (BTDR) at USD 6.93 rising 3.28%. Typical hold times range from 17 to 28 days on Pluang.
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