Tom Lee says stock selloff sets up crypto, semiconductor buy opportunity

Fundstrat's Tom Lee says Friday's stock selloff sets up a buying opportunity in crypto, memory and semiconductor stocks, which have pulled back to technical support levels. He argues the fundamentals and drivers of AI remain intact despite market fears. Cboe Volatility Index (VIX) rose sharply on the day, while oil price gains raised weekend escalation concerns. Meanwhile, Solus' Dan Greenhaus blames higher interest rates for pressuring speculative AI build-out parts, noting ASML and TSMC still see strong demand. Ned Davis' Ed Clissold warns capital costs are central to the AI build-out as the market works out financing costs.