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BlockBeats News, July 17th, Tom Lee stated after the US stock market opened that as AI bottleneck stocks (represented by the semiconductor ETF) experienced a pullback, downstream stocks including MAGS, IGV, and Ethereum are achieving absolute returns.
Tom Lee cited data indicating that Ethereum has outperformed DRAM by 55% in the past month, emphasizing ETH as a key asset downstream of AI that can serve as a "moat" of consumer trust for AI.
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