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

Deutsche Bank has officially upgraded its outlook for the US tech sector. The financial institution asserts that the recent market selloff has gone too far, suggesting a recovery potential for these assets. By adjusting its rating, Deutsche Bank indicates that the current valuation of US tech companies has dropped excessively, creating a favorable entry point for investors. This strategic shift reflects the bank's belief that the downward trend in tech stocks has reached an unsustainable level.