Fundstrat co-founder Tom Lee told CNBC the AI stock selloff has reached its bottom, arguing demand remains constrained by supply. He pointed to crypto's limited reaction to the Binance hack, initially estimated at about $6.3 billion, as a sign that many sellers have already exited. Despite strong AI demand, Intel shares plunged nearly 30% to $65.76 after a weak fourth-quarter forecast, due to manufacturing constraints and a weaker PC business. Bitcoin fell about 4% to roughly $76,400, and U.S. spot Bitcoin ETFs saw $643.2 million in outflows that day. Binance said about $3 billion of the affected assets had been frozen.
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cryptobitcoinartificial intelligenceBinanceIntel
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/01/2026 | 78,354.00 |
| Change that session | +1.00% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/01/2026 | 2,275.31 |
| Change that session | +0.87% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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