TechFlow News: On May 7, Tom Lee stated in an interview with CNBC today that although U.S. equities have hit record highs, the valuations of leading stocks—especially those tied to AI and semiconductors—remain reasonable.
He noted that forward P/E ratios for semiconductor and technology leaders stand at approximately 22x, significantly below their 20-year historical highs. Demand in these sectors continues to grow explosively, so “there remains upside potential—the S&P 500 could reach 7,700 or higher by year-end.”
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