---
title: "Tom Lee Thinks Forced Selling May Be Behind Nasdaq’s Stock Crash"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/303833370.md"
description: "Tom Lee attributes the Nasdaq's worst month since March 2025 to forced selling by a large investor, citing Intel's sharp drop and Amazon's negative free cash flow from AI spending. While the equal-weight S&P 500 rose slightly, the regular index fell 1.82%. Investors await November midterm elections, with the 10-year Treasury yield at 4.93% and December rate-hike odds at 72%."
datetime: "2026-10-31T13:37:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/303833370.md)
  - [en](https://longbridge.com/en/news/303833370.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/303833370.md)
generator: "portal-rs"
---

# Tom Lee Thinks Forced Selling May Be Behind Nasdaq’s Stock Crash

Tom Lee said a large investor may have been forced to dump tech shares, as the Nasdaq Composite posted its worst month since March 2025, down 5.3%, and its worst day since June 5; Intel fell 28.6% after weak fourth-quarter guidance. The equal-weight S&P 500 rose as Lee spoke but closed down 0.79%, versus a 1.82% drop for the regular index, according to BeInCrypto. Lee said investors are waiting until November 3rd’s midterm elections; the 10-year Treasury yield closed at 4.93%, and CME FedWatch put December rate-hike odds at 72%. Amazon reported $42.4 billion in negative free cash flow, driven by heavy AI spending.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**