The Bitmine chairman and Fundstrat co-founder said ETH rose about 24% while DRAM-related ETFs fell about 38% as AI investment shifts toward applications and digital infrastructure.
ETH outpaced the DRAM sector by 7,200 basis points over the past month, according to Bitmine chairman and Fundstrat co-founder Tom Lee. He said ETH gained about 24% while DRAM-related ETFs dropped about 38%, and argued the gap reflects a repricing of some "AI downstream" assets as spending broadens beyond chip exposure toward applications and digital infrastructure.