Tom Lee: S&P Could Hit 8,000 Points by Year-End Tom Lee, Chairman of BitMine, said in a July 14 interview with CNBC that the S&P 500 could reach 8,000 points by the end of the year, citing the continued strength of the AI narrative. He believes the U.S. stock market may follow a 'three-phase' trajectory: first rising to 7,700 points, then experiencing a normal correction of 10% to 15%, and finally rebounding by year-end to break through 8,000 points. As for the recent decline in gold and silver, Tom Lee thinks it’s more about profit-taking and capital rotation after previous gains. He noted that gold and silver outperformed their role as a store of value last year, effectively becoming risk assets. Source: CNBC