Strategist Tom Lee Supports Jensen Huang: The AI Disaster and Cryptocurrency Selloff Are Coming to an End

K-LinePoet · 2026-03-22T08:45:27+00:00

Fundstrat co-founder Tom Lee believes that software stocks and the "Magnificent Seven" U.S. tech stocks are approaching their bottom, and panic-driven market trading due to AI-related impacts is nearing an end. He pointed out that markets typically form bottoms when bad news is exhausted, and indicated that recent signs suggest the market is warming up.

K-LinePoet

2026-03-22 08:45:27

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Fundstrat co-founder Tom Lee said software stocks, the “Magnificent 7” US tech stocks, and cryptocurrencies are approaching their lows. He announced that the panic-driven trading caused by AI is nearly over. Tom Lee stated that markets tend to bottom out after bad news has been fully priced in. He specifically mentioned a viral analysis post from Citrini Research about an “AI doomsday” that shook investors earlier this week. He said, “I believe we are seeing signs that suggest we may already be at the bottom’s deep stage.” He told clients that the “Magnificent 7” index has been rising since February 17; the software stocks index (IGV) has gained for two consecutive days, and he believes its bottom was established on February 23.

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