德意志银行再次对美国科技股持乐观态度，将该板块上调至增持，路透社周一报道。
Deutsche Bank has turned positive on US technology stocks again, upgrading the sector to overweight, Reuters reported on Monday.
增持评级意味着该银行建议客户持有该板块的比例高于通常水平，并逆转了约三周前的降级。
An overweight rating means the bank advises clients to hold more of the sector than usual, and it reverses a downgrade made about three weeks earlier.
据MacroBusiness报道，该早前的举措发生在10月9日，当时将科技股下调至中性。银行当时将其描述为短期判断，并警告称风险大于可能的回报。
That earlier move, on October 9, cut tech to neutral, according to MacroBusiness. The bank described it as a short-term call at the time, warning that risks outweighed the likely rewards.
该银行的策略师周五在给客户的报告中表示，最近的抛售创造了良好的买入机会。在他们看来，与人工智能相关的大部分风险已反映在股价中。
In a note to clients on Friday, the bank’s strategists said the recent selloff had created a good chance to buy. In their view, much of the risk linked to AI is already reflected in share prices.
也报道了该报告的Investing.com将策略师列为该银行首席策略师宾基·查达（Binky Chadha）和帕拉格·塔特（Parag Thatte）。
Investing.com, which also reported the note, named the strategists as Binky Chadha, the bank’s chief strategist, and Parag Thatte.
随着对人工智能支出的担忧加剧，10月份的抛售使纳斯达克100指数的市值蒸发了超过2万亿美元。最大的美国科技公司（即“七巨头”）的业绩加剧了这些担忧。例如，Alphabet在其最新业绩公布后股价下跌超过12%。
The selloff wiped more than $2tn off the value of the Nasdaq 100 in October, as doubts over AI spending grew. Results from the biggest US tech firms, known as the Magnificent Seven, added to those worries. Alphabet’s shares, for example, fell more than 12% after its latest results.
据该银行称，大型科技和成长股在三周内下跌了约11%，而标普500指数的其余部分上涨了近6%。这使得科技股相对于更广泛市场处于长期区间的底部附近。
According to the bank, large tech and growth stocks fell about 11% over three weeks, while the rest of the S&P 500 rose almost 6%. That left tech near the bottom of its long-term range against the wider market.
策略师表示，近年来，该水平通常是买入的好时机。在过去的科技股回升后，该板块平均上涨了约32%，并跑赢标普500指数其余部分约30个百分点。
The strategists said that level has often been a good time to buy in recent years. After past swings back into tech, the sector gained about 32% on average and beat the rest of the S&P 500 by about 30 percentage points.
该银行还表示，尽管盈利增长稳健，但投资者总体持有的股票相对较少。因此，如果公司利润保持稳健，他们有空间买入更多。
The bank also said investors hold relatively few shares overall, despite solid earnings growth. As a result, they have room to buy more if company profits hold up.
然而，Investing.com报道称，该银行指出了风险，包括美国中期选举后的新技术法规以及更广泛的地缘政治危机。它还表示，如果市场遭遇重大冲击，股价可能会进一步下跌。
However, Investing.com reported that the bank flagged risks, including new tech rules after the US midterm elections and a wider geopolitical crisis. It also said shares could fall further if a major shock hits markets.