Big Technology Podcast Is AI Actually Saving The Stock Market? — With Tom Lee
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Jun 25, 2025 
Tom Lee, Chief Investment Officer at Fundstrat Capital, dives into the intriguing intersection of AI and the stock market. He explores how the generative AI wave is propping up stocks and what an AI 'Black Swan' event could mean for investors. Lee discusses potential market disruptions, ethical dilemmas, and the implications of AI advancements. The conversation also touches on Bitcoin's future, the resilience of traditional business models, and how narratives shape market perceptions. Tune in for insights that could reshape your investment strategy!
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AI: Narrative, Not Sole Driver
- AI is a strong narrative that supports the US stock market but doesn't solely drive it.
- Broad earnings growth in financials and industrials also significantly contribute to market performance.
Narrative Drives Stock Prices
- Stock prices are influenced more by narrative and expectations than earnings alone.
- Investors often value companies based on perceived future potential, not just current profits.
Market Strength Beyond AI
- The stock market's recent strength is supported by multiple positive narratives, not just AI.
- Factors like Fed policy and broad earnings growth underpin market resilience.