Tom Lee says investors should jump into AI, semiconductor and Mag Seven stocks
Bitmine Immersion Technologies chairman Tom Lee told CNBC that the recent pullback in AI‑related equities creates a "coiled spring" opportunity. He said investor fear over geopolitical tensions and AI‑buildout funding has driven a sell‑off, but the unwinding of hedge‑fund positions could make AI, semiconductor and Mag Seven names attractive entry points.
Key points
- Goldman Sachs upgraded CoreWeave to Buy, cutting its price target to $106 from $139
- JPMorgan raised Intel to Neutral with a steady $85 target; shares rose about 4.7%
- Bernstein upgraded Datadog to Outperform, raising its target to $350 from $237; stock up ~4.1%
Lee highlighted that Nvidia edged up 0.5% while Nebius rose nearly 4% and CoreWeave gained about 3% on Monday. Goldman Sachs upgraded CoreWeave to "Buy" from "Neutral" but cut its price target to $106 from $139. Intel climbed roughly 4.7% after JPMorgan moved it to "Neutral" with an unchanged $85 target, and Datadog rose about 4.1% after Bernstein upgraded it to "Outperform" and lifted its target to $350 from $237. Memory and semiconductor ETFs fell 25.1% and 12.6% respectively, underscoring broader market pressure.
Lee concluded that AI‑related businesses remain a key driver of S&P 500 earnings growth and that valuations are still "quite reasonable" despite the recent volatility.
The story so far
3 episodes →- Tom Lee says investors should jump into AI, semiconductor and Mag Seven stocksthis story
Tom Lee Says Investors Should Be ‘Jumping Into’ AI, Semiconductor, Mag 7 Stocks Amid Sell-Off
stocktwits.com · 19 October 2026
Loading the full article…
This text was published by stocktwits.com and written by Prabhjote Gill. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- Disney structures bankruptcy deal to acquire Character.AI assets and license technology · 2 src
- Musk pledges SpaceX shares to US kids; Anthropic sets up public benefit fund · 1 src
- Replit switches default AI model to OpenAI's ChatGPT while maintaining Anthropic partnership options · 14 src
- Mike Novogratz says AI is biggest bubble but urges investors to keep buying · 1 src
- Stripe to acquire OpenRouter in $7.5 billion deal, report says · 1 src
Comments
via GitHub Discussions