Tom Lee Says Buy The Tech Selloff, Backs Crypto And Nvidia As AI Fears Peak
Photo: Coinpedia
Fundstrat’s Tom Lee said the latest tech selloff is close to bottoming and that he would buy into the weakness, including crypto. Speaking to CNBC, Lee argued that concerns over AI funding are stopping the sector from turning into a bubble, with tight debt markets limiting speculative excess. He said AI continues to produce real advances, citing OpenAI’s recent work on 770 math problems. Fundstrat estimates AI could need $30 trillion of investment over 25 years, similar to the cost of building mobile networks or roads.
Source: Coinpedia
