[Tom Lee: AI Stocks Overpriced, Fed May Not Hike Rates Again in December] BlockBeats reported on November 8th that Tom Lee, Chairman of Ethereum treasury BitMine, stated in an interview with CNBC that the policy shocks following the midterm elections have exacerbated market concerns about the prospects of AI development, but the significant repricing of related stocks has been excessive. He believes that businesses are still exploring and benefiting from AI, demand will not slow down, and no new competitors have emerged on the supply side to disrupt the entire industry. Tom Lee described the potential slowdown in US AI development as a "speed bump," believing this could create opportunities for states actively embracing AI and countries with lower electricity costs. He stated that businesses can find ways to cope with policy shocks, such as converting idle industrial plants and office spaces into data centers. Regarding monetary policy, he believes that the latest productivity data makes the Fed's September rate hike look like a mistake, and a further rate hike in December is unlikely. The Fed's policy support could also play a stabilizing role should employment risks arise. He emphasized that it is too early to conclude that AI development will not continue, and some pessimistic assessments may have been overdone. [Original Link]