Fundstrat’s Tom Lee says AI stocks have bottomed, cites Binance hack response

Tom Lee, co-founder of Fundstrat Global Advisors and chairman of Bitmine, told CNBC that he believes the recent downturn in artificial intelligence-related stocks has likely reached its bottom. Lee argued that while demand for AI remains strong, continued supply constraints have prevented the industry from meeting market needs, creating an environment where the risk of further significant declines is reduced. Lee explained that differentiating between industries suffering from oversupply versus those capped by limited capacity is crucial when evaluating risk and potential in AI investments. He underlined that the AI sector is still characterized by tight market conditions, not excess.