Tom Lee: Next week may be a directional choice window for US stocks, and Nvidia's performance will determine whether confidence in AI can be reignited

Chairman of BitMine, Tom Lee, stated on CNBC that next week could be a turning point for the stock market. Currently, AI stock trading has stagnated, mainly suppressed by concerns over data centers and political opposition in the United States.

The key issue is whether confidence in AI can return after the stagnation. If NVIDIA CEO Jensen Huang can demonstrate that the demand for AI computing power remains strong at the upcoming event, it will help to reinject confidence into the market and drive the AI sector out of its consolidation.

Tom Lee also emphasized that uncertainty surrounding the Federal Reserve continues to accumulate, and the upcoming public appearances of a series of Federal Reserve officials will become another significant market signal. The S&P 500 has recently hovered around 7678 points, with a cumulative decline of about 1.4% this week, as the market grapples with dual concerns over the sustainability of AI capital expenditures and the path of monetary policy.

Next week's positioning is a key window to observe the market's directional choice. Whether the signals of AI demand can resonate with expectations of Federal Reserve policy will determine the short-term direction of risk assets.