Fundstart managing partner and Bitmine Immersion Technologies (BMNR) chairman Tom Lee said on Monday that he believes the market has reached its bottom after a rough stretch for stocks last month, citing a tight market for artificial intelligence and a muted crypto reaction to last week’s $6.3 billion Binance hack.

“I think we’re at the bottom,” Lee said in an interview with CNBC, pointing out that the pullback has already spread across much of the stock market and that demand for AI infrastructure remains strong.

Lee forecast that stocks will finish the year strongly even though the path has been difficult. He said investors are nervous about a range of issues, including the war, AI spending, debt markets, the Fed and inflation….