Golden Finance reported that Citi lowered the rating of US stocks from overweight to neutral, and also raised the rating of Chinese stocks to overweight, saying that the US exceptionalism has at least been suspended. A report by Citi strategists such as Dirk Willer shows that the disruption to the U.S. exceptionalism has become more obvious now; the company has been increasing its holdings in U.S. stocks since October 2023. Citi expects U.S. growth to be lower than other parts of the world, but U.S. stocks may return to outperform when AI narratives dominate again. Citi said that given the strength of China's technology industry, government support for the industry and low valuation, the Chinese stock market still seemed quite attractive even after the stock market surged; "DeepSeek proves that China's technology is at the forefront of Western technology, and even surpasses Western technology," Citi said. (Jin Shi)