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247wallst.comNOV 23 min read$INTC

‘Marking Their Calendar Until November 3rd.’ Tom Lee Says Investors Waiting To Buy The Dip After The Nasdaq 100’s Worst Month Since March 2025

Fundstrat's Tom Lee stated investors may wait until after the November 3rd midterm elections to buy dips. The Nasdaq-100 had its worst month since March 2025, with the Invesco QQQ Trust (QQQ) falling 6.66%. Intel (INTC) dropped 28.58% due to weak guidance, impacting QQQ. Lee noted institutional hesitation until post-election clarity.

Original reporting
247wallst.com
Published Nov 2, 2026, 3:04 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 2, 2026, 3:07 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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‘Marking Their Calendar Until November 3rd.’ Tom Lee Says Investors Waiting To Buy The Dip After The Nasdaq 100’s Worst Month Since March 2025 — source image
Source · 247wallst.com
Decision brief

The 30-second read

$INTCBearishMed
01

Why it matters

Intel’s earnings and guidance drive immediate downside, while the broader market may stay muted until post‑election sentiment clarifies.

02

Market read

Intel’s earnings miss and guidance cut pressure tech ETFs; broader market sentiment is cautious ahead of the Nov 3 election.

03

What to watch

The impact of the Israel factory incident may be temporary; core data‑center revenue still grew 78%.

Relevance 8/10Novelty 8/10Timing: today

Background

Fundstrat’s Tom Lee suggests investors are waiting for the U.S. midterm election on Nov 3 before committing new capital, highlighting a broader market hesitation.

Company-level read

Ticker impact

$INTCBearishHigh confidence
Context

Intel reported Q3 earnings beating estimates but cut Q4 guidance, driving a 3.47% drop in QQQ and pressuring the Nasdaq-100.

Expected impact

likely pressure as the market prices in lower revenue outlook

Evidence & confidence

Guidance below expectations and a disclosed $300M revenue hit from an Israel factory incident directly affect earnings outlook.

Market effects

Sector

Tech sector and AI‑related stocks may see broader weakness as Intel's guidance signals slower demand.

Regional

U.S. markets likely open lower on the back of the earnings surprise.

Global

Potential ripple effect on global semiconductor supply chains and AI investment sentiment.

Counterpoint

What could challenge this read

If the market overreacts to the guidance cut, a short‑term rebound could occur on any positive AI demand news.

Key entities

  • Analyst
    Tom Lee

    Fundstrat managing partner commenting on investor timing.

  • Company
    Intel

    Reported Q3 earnings with guidance cut.

Read at source← All news

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