DECRYPT · 2026-11-02 19:46 UTC

Tom Lee Calls Bottom on AI Stock Selloff, Citing Tight Supply and Crypto Resilience

Tom Lee says the AI stock selloff has reached bottom, citing tight supply constraints rather than overcapacity and arguing demand remains strong. Intel's shares fell 30% despite 78% growth in data center and AI revenue, as manufacturing constraints limited its ability to meet demand and it missed quarterly revenue expectations. Lee points to crypto's muted response to a $6.3 billion Binance security breach as evidence that risk-averse sellers have already exited the market.

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