Woofun AI reports that Tom Lee, Chairman of BitMine, the largest Ethereum treasury, disclosed in a CNBC interview that robust fundamentals continue to underpin the U.S. stock market. Lee emphasized structural advantages including AI leadership, energy independence, and consumer resilience, suggesting significant upside potential remains despite rising yields and oil prices. He highlighted that the wealth effect generated by anticipated IPOs of major AI entities such as OpenAI and SpaceX could stimulate substantial market growth later this year.

Concurrently, Lee warned of emerging headwinds, noting that increased IPO activity and subsequent lock-up expirations will introduce supply pressure into the equity markets. He clarified that while the MAG-7 and software sectors have already undergone correction, other equities may face bearish conditions amid mid-term election uncertainty and oil inventory shortages. Despite these risks, Lee maintained that the AI and semiconductor sectors are not yet in a bubble, driven instead by genuine demand for scarce technological assets.