Tom Lee Signals a Bottom in AI Stocks as Crypto Shows Strength

TL;DR: The semiconductor stock index recorded a 17% drop during October 2026, while the S&P 500 fell less than 1% over the same period. Bitcoin recorded a pullback of approximately 4% to hover around $76,400 following reports of a $6.3 billion vulnerability on Binance. Spot Bitcoin exchange-traded funds (ETFs) in the United States registered net outflows of $643.2 million in a single session. Fundstrat’s Chief Strategist, Tom Lee , stated that the recent correction in AI stocks has reached a technical bottom. The analyst bases his stance on two concrete factors: manufacturing capacity constraints in the tech sector and the absorption capacity demonstrated by the digital asset market. "I think we are at the bottom," says Tom Lee of @Fundstrat of the recent tech sell-off.

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