Deutsche Bank upgrades US tech, says selloff has gone too far

Deutsche Bank turned bullish on ​US technology stocks, reversing a ​downgrade made three weeks ‌ago, saying ​a sharp selloff has created an attractive buying opportunity and much of the AI-related risk ‌wasalready priced in. More than $2 trillion was wiped off the Nasdaq 100's market value last month, as investors reassessed AI-related investments and growth expectations.

Here are ‌more details from the brokerage's Friday note: