Tom Lee Says AI Pessimism Is Overstated Amid Texas Data Center Policy Debate

Bitmine Chairman Tom Lee questioned claims that AI-related risks are as severe as portrayed, saying pessimistic expectations have been exaggerated. According to Odaily, Lee reposted an analysis of Texas data center policy stating that governor-elect Gina Hinojosa said all currently permitted data center projects can continue construction, with work expected to extend through 2027 and most of 2028. That position differs from Hinojosa’s earlier proposal to pause new data center approvals until lawmakers establish protective measures. U.S. AI-related stocks sold off broadly yesterday, with declines spanning chips, memory, data center networking equipment, optical communications, AI cloud computing and power suppliers. Asian stocks also fell, following the previous night’s selloff on U.S. markets.