Citi has closed a major technology trade after recent market swings disrupted its position.
The bank stepped back from a wager tied to hyperscalers and growth stocks as volatility rose.
Hyperscalers and growth plays have underperformed during a sharp rotation in the market.
That rotation shifted investor attention away from high-growth technology names and toward other sectors.
Citi’s decision reflects growing caution about the durability of the tech-led rally.
The move highlights how quickly sentiment can change when market momentum reverses.
Other investors are now watching whether the rotation continues or stabilizes in coming sessions.
