In brief
- Tom Lee told CNBC he thinks the AI stock selloff has reached its bottom, arguing that supply remains tight.
- He pointed to crypto’s reaction to the Binance hack as evidence that much of the selling pressure may already have passed.
- Strong AI demand has not insulated chipmakers from earnings concerns, and Bitcoin fund outflows show investors are still pulling money out.
Fundstrat co-founder and Bitmine chairman Tom Lee says the AI stock selloff has reached its bottom, arguing that demand remains constrained by supply and that crypto’s response to a multibillion-dollar hack suggests investors have already done much of their selling.
“I think we’re at the bottom,” Lee said in a CNBC interview on Squawk Box. His call follows…
