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Why strategist Tom Lee believes the AI bloodbath and crypto selloff is almost over
Nvidia delivered solid results, but there's just a smattering of applause so far, and no sign of a rally for Thursday as investors near the end of what has been a tough month for stocks tied to the AI trade. Nvidia CEO Jensen Huang also declared "markets got it wrong" over the software selloff, so we'll see his view takes hold. You'll find some concurrence with Huang in our call of the day from co-founder and head of research at Fundstrat, Tom Lee, who believes that selloffs for software, Magnificent 7 stocks and crypto are nearly done. Lee said markets tend to bottom on bad news, flagging the viral AI doom post from ... (full story)
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