Fundstrat’s Tom Lee joins CNBC’s Power Lunch to break down what NVDA earnings mean for the AI trade and why he believes tech momentum is far from over. Lee explains why we’re still in the early innings of AI adoption and what investors may be missing.

AI-generated source summary

The analyst states that too many investors are tied to their own negative biases. The forecast is that the S&P 500 will reach 6800 to 7000 by year's end. A cut in the Fed rate will mark a dovish pivot. Business leaders will likely become confident after rate cuts and positive seasonality will favor higher stock prices. The analyst views that the AI sector is only in the first third of the market cycle similar to the period when the wireless market had 37 million subscribers and then had 7 billion subscribers. AI is in a growth cycle and he is estimating a positive penetration growth.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   28 Aug 2025, 23:15 UTC

   The analyst published the original source item.

2. First prediction resolved

   02 Sept 2025, 13:30 UTC

   The first evaluable outcome in this case reached a terminal result.

3. Case evaluation completed

   24 Oct 2025, 13:30 UTC

   All evaluable predictions in this case reached terminal outcomes.

4. Source recorded by Tahlil Plus

   18 May 2026, 20:23 UTC

   The public source was preserved as the evidence record for this case.

5. Market predictions extracted

   18 May 2026, 20:47 UTC

   5 eligible signals linked to this case.

6. Outcome tracking started

   02 Jul 2026, 01:22 UTC

   Tahlil Plus began monitoring the extracted predictions.