Tom Lee points out exaggerated AI pessimism... Hinohosa pledges to halt permits for new data centers

BitMine Chairman Tom Lee argued on X that AI pessimism is overdone, saying risks and bearish sentiment are being exaggerated beyond what fundamentals justify. The comments came after a selloff in U.S. AI-linked equities on the 5th that spilled into Asian markets the following session. Separately, Texas governor-elect Gina Hinojosa pledged to pause approvals for new data centers until the state legislature passes resident-protection rules, though the moratorium would not affect construction timelines for projects already permitted. Lee's post highlighted that distinction, framing the policy threat as narrower than headlines suggest. Investors should watch whether the proposed Texas rules tighten permitting for future AI data-center capacity and whether the AI trade stabilizes after the recent pullback.