Tom Lee Says AI Capex Fear Is A Bullish Sign

Tom Lee, Fundstrat Global Advisors’ head of research, said worries over AI capex do not signal a market top and argued the skepticism is bullish, according to BeInCrypto, as he sees the AI trade still having room to run. The view contrasts with Steve Eisman, who warned markets could fall sharply if hyperscalers cut AI spending, with Nvidia exposed to that spending trend. Lee also said the Fed’s upcoming July meeting and next hyperscaler earnings will test the AI trade.