Fundstrat's Tom Lee Declares AI Stock Selloff Has Bottomed Amid Supply Tightness, Crypto Resilience
6 Articles
6 Articles
Fundstrat's Tom Lee Declares AI Stock Selloff Has Bottomed Amid Supply Tightness, Crypto Resilience
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.
Morning Minute: Tom Lee Calls the Binance Hack Bullish for Ethereum
Meanwhile, both the BTC ETFs and ETH ETFs bleed outflows in the Binance hack aftermath, dragging down prices.
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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