Tom Lee of Fundstrat said Friday’s stock selloff looks like a buying setup rather than the start of a bigger downturn, and he pointed to crypto, memory and semiconductor stocks that have pulled back to technical support. He told CNBC that AI fears rose this week but the fundamentals remain intact, and that his technical strategist sees a possible bottom Friday or Monday. Lee grouped crypto with memory, semis, neo-cloud providers and tech broadly as areas he views as buys at current levels.
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