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Deep Tide TechFlow News, May 07 — Tom Lee stated in an interview with CNBC today that despite the U.S. stock market reaching record highs, the leading stocks (especially those related to AI/semiconductors) are still reasonably valued.
He said that the forward P/E ratio of semiconductor/tech leading stocks is about 22 times, well below the historical high of the past 20 years. Industry demand remains explosive, so “there is still room for growth, and the S&P 500 could reach 7,700 or higher by the end of this year.”