Tom Lee Calls Monday's Market Plunge a Great Buying Opportunity After AI, Crypto-Led Rout

Quick Summary:

On Monday, NVIDIA had the largest single-day market cap loss in history, erasing $465 billion in market cap.

Lee says there is some uncertainty going into the meeting as markets are currently too hawkish and believe the market is putting too much emphasis on a potential rate hike in 2025.

Lee's call seems good so far.

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Article Details

Author / Journalist: James Van Straten

Category: Crypto

Markets: United StatesChinaCuba

Topics: Nvidia Markets Bitcoin Fundstrat

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 10:56:30 (3 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 271 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25573471

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