BitMine Chairman Tom Lee said on CNBC on Aug. 23 that next week could become a major turning point, or clearing event, for the stock market. Artificial intelligence (AI) stocks have stagnated as investors question whether data-center investment will generate sufficient returns, while political factors have added uncertainty around the sector. The key issue is whether confidence can recover after the recent cooling of the AI trade. Nvidia CEO Jensen Huang could help restore sentiment if the company demonstrates that demand for AI infrastructure remains strong. Sustained orders and market demand could then draw capital back into AI stocks. Lee also pointed to increasing uncertainty around Federal Reserve policy, with upcoming public appearances by officials likely to provide signals about the interest-rate path. The S&P 500 has hovered near 7,678 and is down about 1.4% for the week, leaving investors focused on Nvidia-related developments, the durability of AI capital spending and the outlook for monetary policy. Those signals may determine whether the AI rally regains momentum and influence the short-term direction of technology stocks and other risk assets.