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📰 [Tom Lee: AI US stocks still have room to rise; the S&P 500 could reach 7,700 by year-end]
BlockBeats reported on May 7 that Tom Lee said in an interview with CNBC today that although the US stock market has already hit record highs, the valuations of leading stocks (especially those related to AI/semiconductors) are still reasonable. Tom Lee said that the forward P/E ratio of semiconductors/tech leading stocks is about 22x, far below the historical peak levels from the past 20 years. The demand in relevant industries is still growing explosively, so “there is still room for upside; the S&P 500 could reach 7,700 or higher by the end of this year.”
Did Tom Lee just “launch another satellite”—7,700? Is he treating Wall Street like the Metaverse? If he says AI stock valuations at 22x are cheap, why doesn’t he look at what kind of mess the entire market’s bubble buildup has turned into? He’s pretty good at picking the timing to release good news, but the liquidity inflection point in terms of real money is already not far off.
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