Tom Lee Slams AI Panic Narrative: The Reality Is Far Less Dire Than Imagined, Pessimistic Expectations Are Overblown

Odaily Report: Tom Lee, Chairman of Ethereum treasury company Bitmine, shared a policy analysis on Texas data centers. It is reported that Texas Governor-elect Gina Hinojosa has explicitly stated that all currently permitted data center projects may continue construction through the end of 2027 and most of 2028, which is not entirely equivalent to her previously proposed policy of pausing approvals for new data centers until legislation establishes protective measures.

In response, Tom Lee posted a statement questioning the AI panic narrative, arguing that market pessimism and concerns over potential risks surrounding artificial intelligence have been severely exaggerated, and that the actual situation is far less dire than outsiders describe. He noted a clear disconnect between current negative sentiment around AI and reality, suggesting that market fears about AI development may have surpassed the actual risks themselves.

Yesterday, the AI industry chain sector in U.S. stocks suffered a broad sell-off, with the decline spreading from chips and memory to data center networking equipment, optical communications, AI cloud computing, and power suppliers. Asian stock markets subsequently fell sharply, following the overnight U.S. sell-off trend.