**[Tom Lee: U.S. Stocks Still Have Room for Further Gains Before Year-End, Overall Fundamentals Are Healthy]** BlockBeats News, May 24 — Tom Lee, Chairman of Ethereum's largest treasury BitMine, stated in an interview with CNBC that the overall fundamentals of the U.S. stock market remain healthy. It has demonstrated resilience in an environment of rising oil prices and yields. Tom Lee believes the U.S. economy has unique advantages, including dominance in AI technology, relative energy independence, and strong consumer resilience. He remarked: "Compared to the beginning of the year, U.S. stocks still have greater upside potential before year-end. While we have some issues to digest later this year, the current fundamentals are healthy and supported by earnings." He pointed out that IPOs from major AI companies like OpenAI and SpaceX will create trillions of dollars in wealth effects and stimulate consumption and markets later this year. However, he also warned that as more large IPOs are launched and lock-up periods expire within the year, U.S. stocks may face pressure from increased stock supply. Additionally, Tom Lee stated that the AI and semiconductor sectors have not yet formed a bubble, and the market is truly chasing "scarce assets." He believes demand for AI-related products remains strong, while supply-side shortages persist. Regarding his earlier prediction of a stock market correction, Tom Lee clarified, "We have already experienced a bear market in MAG-7 and software sectors. Later this year, other stocks will enter a bear market, but MAG-7 and software sectors will be spared. Later this year, the market will face several challenges: uncertainties brought by the midterm election season, a liquidation moment caused by shortages in oil product inventories, and supply pressures from post-IPO lock-up expirations of companies like SpaceX and OpenAI." [Original Link]