BlockBeats News, May 7th, Tom Lee stated in a CNBC interview today that despite the record highs in the US stock market, the valuations of leading stocks (especially in AI/semiconductor sector) are still reasonable.

Tom Lee mentioned that the forward P/E ratio of semiconductor/tech leading stocks is around 22 times, much lower than the historical highs of the past 20 years. The demand in related industries is still experiencing explosive growth, so there is "upside potential, and by the end of this year, the S&P 500 could reach 7700 or higher."