Tom Lee Says Buy The Tech Selloff, Backs Crypto And Nvidia As AI Fears Peak

Published by

Anjali Belgaumkar

October 23, 2026

Tom Lee looking at a hand holding a jar of gold coins amid Ethereum logos.

Fundstrat’s Tom Lee said the latest tech selloff is close to bottoming and that he would buy into the weakness, including crypto. Speaking to CNBC, Lee argued that concerns over AI funding are stopping the sector from turning into a bubble, with tight debt markets limiting speculative excess. He said AI continues to produce real advances, citing OpenAI’s recent work on 770 math problems. Fundstrat estimates AI could need $30 trillion of investment over 25 years, similar to the cost of building mobile networks or roads. Lee noted that US households earn about $7 trillion a year in interest income alone. He also pointed to a potentially softer Federal Reserve stance and Treasury yields falling back below 5%. His preferred picks are memory makers, Nvidia, the Magnificent Seven, software, crypto, financials and cyclical stocks.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.