Tom Lee: U.S. Stock Market Has Further Upside Through Year-End, Fundamentals Remain Healthy

GateNews
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According to a CNBC interview on May 24, Tom Lee, chairman of BitMine, stated U.S. stock market fundamentals remain healthy with further upside potential through year-end, supported by strong earnings. Lee highlighted unique U.S. advantages including AI leadership, energy independence, and resilient consumer spending. He noted that major AI company IPOs such as OpenAI and SpaceX will generate significant wealth effects and consumer stimulus later in 2026. However, Lee cautioned that increased stock supply from upcoming IPO lockup expirations may create pressure. He added that AI and semiconductor sectors have not yet formed a bubble, as markets are chasing scarce assets amid continued strong demand and supply constraints.
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