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Fundstrat's Tom Lee Declares AI Stock Selloff Has Bottomed Amid Supply Tightness, Crypto Resilience

Summary by The Daily Hodl
Tom Lee of Fundstrat assesses the recent AI-related stock selloff as having reached its bottom on CNBC's Squawk Box, citing ongoing market tightness, while noting crypto's resilience after a major hack and maintaining a positive year-end outlook.

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Bitmine Chairman Tom Lee assessed the cryptocurrency market's reaction to the multi-billion dollar attack on Binance positively. According to Lee, the limited price decline despite the magnitude of the attack shows increased resilience in the sector. In a statement released by the company today, Lee made a comparison with the Bybit attack in February 2025. On the day the Bybit incident was announced, Ethereum fell by 8 percent, and within a week…

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CNBC broke the news in Englewood Cliffs, United States on Monday, November 2, 2026.
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