Tom Lee: Cryptocurrency and chip stocks have both pulled back to support levels, and a rise is "imminent."
Oct 17, 2026 16:48:02
Tom Lee, Chairman of the Ethereum treasury company BitMine, stated in an interview with CNBC yesterday that if the fundamentals remain stable, cryptocurrencies, chip stocks, and neocloud company will be "a trigger-ready opportunity." They have all "pulled back to support levels."
Tom Lee believes that when the fundamentals remain stable and the market becomes fearful, "this is actually a pretty good risk-reward scenario."