TechFlow reports, on July 17, Tom Lee stated that as AI "bottleneck" related stocks adjust, AI downstream assets are strengthening, related targets include SMH, DRAM, MAGS, IGV, as well as AI downstream-related ETHA and Ethereum ETH. He pointed out that over the past month, Ethereum outperformed DRAM by approximately 5500 basis points, i.e., 55%.
Tom Lee believes that Ethereum's market visibility in the second half of 2026 is improving, Robinhood Chain has become a prominent success case, while Wall Street is seriously advancing the tokenization process. He also stated that Ethereum is a key component in the AI downstream narrative, because AI development requires "guardrail" mechanisms, and consumers are unlikely to trust governments, big tech companies, or banks to assume protection responsibilities. Additionally, he said that current crypto shorts are "angrily exiting at the bottom".
