Tom Lee Says Tech Selloff Is Nearing Its End and AI Spending Is Justified

Fundstrat Managing Partner and Head of Research Tom Lee said artificial intelligence investment is justified by the economic value it may create, while the technology-stock decline appears close to ending.

Lee described the decline as being in its last phase on Oct. 22 and said he intended to increase his positions in crypto assets and Nvidia. His plan to add exposure to crypto assets and Nvidia accompanied that earlier assessment.