Tom Lee Sees Big Banks Becoming the Next Tech Leaders

Tom Lee of Fundstrat thinks that the power of artificial intelligence or blockchain could shake down the big banking giants, the likes of JPMorgan or Goldman Sachs, to be market leaders in the tech style.

Talking to CNBC in a recent interview, Lee said that these banking giants already have the benefits to trade like technology stocks with reduced use of human force.

Lee believes that AI could simplify decision-making and business operations in financial services, and that blockchain could enhance efficiency and security in financial transactions. Taken together, these technologies have the potential to produce a substantial jump in profitability for early adopters in the bank space to move their market closer to that of leading tech companies.

He also noted the dovish Fed as a supportive environment, which may help renew business confidence, thereby facilitating growth in core sectors. Moreover, the increase in ISM-manufacturing, according to Lee, has always corresponded to positive Bitcoin and Ethereum cycles, which is yet another encouraging factor for digital assets.

Turning the corner into 2026, Lee is encouraged that the usual year-end time frame tends to provide more favorable market performance. With the acceleration of AI and blockchain adoption, he is hopeful that the economic juices may be ready for the tech-based banking and crypto markets to capitalize.

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