ChainThink reports that on August 23, according to a CNBC program, BitMine Chairman Tom Lee said next week could be a critical window for determining the direction of the U.S. stock market.
AI stock trading is currently stagnant, primarily suppressed by concerns over data centers and political opposition in the United States.
The S&P 500 has recently been trading near 7,678, down approximately 1.4% for the week, as markets grapple with dual concerns over the sustainability of AI capital expenditures and the path of monetary policy.
Tom Lee emphasized that the key variable is whether confidence in AI can return after the stagnation.
If NVIDIA CEO Jensen Huang can demonstrate at the upcoming event that demand for AI computing power remains strong, it will help restore market confidence and propel the AI sector out of its consolidation phase.
At the same time, uncertainty surrounding the Federal Reserve continues to accumulate, and a series of upcoming public appearances by Fed officials will serve as another major market signal. Whether demand signals for AI and expectations for Fed policy can align will determine the short-term direction of risk assets.