[Tom Lee: AI debt does not mean that the foam will end in a bad way] BlockBeats news, on September 15, Tom Lee, the co-founder of Fundstrat, said that debt concerns surrounding AI infrastructure financing were rising, but the expansion of growth industries would not have been entirely dependent on equity capital, and the increase of debt financing by AI companies did not necessarily mean that the business model was ineffective or the foam was about to burst. Tom Lee believes that AI will become the "third engine" of economic growth. He cited the example of Bitcoin rising from less than $1000 to about $80000, stating that investors often underestimate the long-term value and diffusion speed of new technologies in their early stages. Under this framework, Nvidia, semiconductors, storage, as well as energy and power assets constrained by computing power expansion, will remain more attractive exposures in the AI investment chain. The market will pay more attention to whether the related debt can be converted into sustained income, cash flow, and productivity improvement in the future.