Renowned market strategist Tom Lee predicts a sustained AI boom, spotlighting NVIDIA Corp‘s (NASDAQ:NVDA) role in the trend.
What Happened: On Monday, Lee, a partner at Fundstrat Global Advisors, expressed his optimism about the ongoing AI surge in an interview with CNBC’s Last Call. “It doesn’t seem like a bubble. There’s real demand there,” he asserted, referring to Nvidia and the wider AI industry.
“In the past two years, there has been a lot of transformation. I think critical mass has been reached for AI. If there is a shortage of workers, over time we know we have to replace salaried workers with Silicon…,” he said regarding the skilled workers shortage in the tech industry.
"It doesn't seem like a bubble. There's real demand there," says @fundstrat's Tom Lee on and the AI boom. "We're going to find out next week." pic.twitter.com/GSwA1LFYuO — Last Call (@LastCallCNBC) February 13, 2024
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