According to Decrypt, Fundstrat co-founder and BitMine chairman Tom Lee stated in a CNBC interview that he believes the sell-off in AI stocks has bottomed out. He argues that the AI industry is currently facing supply shortages rather than overcapacity, and the factors limiting AI investment growth do not necessarily indicate the end of the industry boom. He also pointed out that the crypto market did not experience a larger decline after Binance suffered a $6.3 billion hack, potentially indicating that a significant amount of selling pressure has been cleared. Tom Lee believes that if the crypto market is a leading indicator of risky assets, then investors may have already experienced a substantial sell-off. However, he also acknowledged that accurately identifying the market bottom is difficult, and the risk of further declines remains. https://wublock123.com/news/tom-lee-ai-stock-selloff-bottomed-crypto-market-cleared-71201