According to CoinMeta, Bitmine, the chairman, and Fundstrat, one of the co-founders, Tom Lee stated that the S&P 500 index is expected to reach the range of 7,900 to 8,000 points in August, with a potential increase of up to about 3.6% from Wednesday's closing level. He believes that factors driving the rise in U.S. stocks include strong technical momentum, accelerated growth in corporate earnings, and an expansion in the market's upward movement. Tom Lee is optimistic about semiconductors, software, Ethereum, and Magnificent Seven technology stocks, believing that profit growth driven by artificial intelligence will improve market expectations for corporate earnings in 2027. As AI related investments boost corporate efficiency and profit growth, the market is expected to raise future earnings forecasts.