Tom Lee: Next week could be a pivotal window for the direction of US stocks, with the return of AI sector confidence as the key factor, and remarks from Jensen Huang and the Federal Reserve as two major variables.

BitMine Chairman Tom Lee told CNBC that next week could mark a turning point for the stock market. Trading in AI stocks has stalled amid concerns over data centers and U.S. political opposition, Lee noted. The key question is whether confidence in AI can rebound after this stagnation. If NVIDIA CEO Jensen Huang can demonstrate at an upcoming event that demand for AI computing power remains robust, it will help reinject market confidence and lift the AI sector out of its consolidation. Lee also stressed that uncertainty surrounding the Federal Reserve continues to build, with a series of upcoming public appearances by Fed officials serving as another key market signal. The S&P 500 has recently hovered around 7,678 points, down approximately 1.4% this week, as the market faces dual doubts about the sustainability of AI capital expenditures and the path of monetary policy. Next week is a critical window to observe the market’s directional choice, and whether AI demand signals and Fed policy expectations can resonate will determine the short-term trend of risk assets.