# Tom Lee says tech selloff near bottom, recommends buying Nvidia and crypto

Digest AI · Business & Funding · published 2026-10-23T01:01:00Z

Canonical: https://digestai.news/story/tom-lee-says-tech-selloff-near-bottom-recommends-buying-nvidia-and-cry

## Summary

Fundstrat’s Tom Lee told CNBC that the recent tech selloff is close to bottoming and that investors should buy into the weakness, highlighting Nvidia, the Magnificent Seven, software, crypto, financials and cyclical stocks. He said concerns over AI funding are preventing a bubble, while noting that AI continues to deliver real advances, citing OpenAI’s recent work on 770 math problems.

Lee estimated AI could require $30 trillion of investment over the next 25 years, a scale comparable to building mobile networks or roads. He also pointed out that U.S. households earn about $7 trillion a year in interest income and that Treasury yields have slipped back below 5%, suggesting a potentially softer Federal Reserve stance.

The commentary reflects Lee’s view that tighter debt markets are limiting speculative excess, and that the combination of AI progress and undervalued tech stocks presents a buying opportunity.

## Key points

- Tom Lee says the tech selloff is close to bottom and advises buying Nvidia and crypto.
- He estimates AI may need $30 trillion of investment over the next 25 years.
- Lee notes U.S. households earn about $7 trillion a year in interest income and yields fell below 5%.

## Why it matters

Lee’s bullish outlook could channel capital toward AI hardware and crypto, shaping market sentiment as funding concerns and tighter debt markets persist.

## Sources

1. [Tom Lee Says Buy The Tech Selloff, Backs Crypto And Nvidia As AI Fears Peak](https://coinpedia.org/crypto-live-news/tom-lee-says-buy-the-tech-selloff-backs-crypto-and-nvidia-as-ai-fears-peak) (coinpedia.org, 2026-10-23)

Part of the developing story: [AI Market Turmoil and the Tech Buyback](https://digestai.news/thread/coreweave-seeks-insurers-capital-to-fund-chip-spending) (4 stories)

## Cite

Digest AI, "Tom Lee says tech selloff near bottom, recommends buying Nvidia and crypto", 23 October 2026, https://digestai.news/story/tom-lee-says-tech-selloff-near-bottom-recommends-buying-nvidia-and-cry

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