On August 23, Tom Lee, Chairman of BitMine, stated on CNBC that next week could be a turning point for the stock market. Currently, AI stock trading has stalled, primarily due to concerns over data centers and political opposition in the U.S. The key issue is whether AI confidence can return after this stagnation. If NVIDIA CEO Jensen Huang can demonstrate that demand for AI computing power remains strong, it will help restore market confidence and drive the AI sector out of its consolidation phase. Tom Lee emphasized that uncertainty surrounding the Federal Reserve continues, and the upcoming public appearances of Fed officials will serve as significant market signals. The S&P 500 has recently hovered around 7678 points, with a cumulative decline of about 1.4% this week. The market is currently grappling with dual concerns over the sustainability of AI capital expenditures and the path of monetary policy. Next week will be a critical window for observing the market's directional choices, as the resonance between AI demand signals and Fed policy expectations will determine the short-term trajectory of risk assets.
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