Tom Lee: The market has hit bottom, the AI market remains very tight, and most people have been shaken out.

BlockBeats news, November 2nd, Tom Lee said in an interview with CNBC:

"I think we have hit the bottom. You know, many hedge fund managers told me a famous saying - buying the dip is dangerous because you don't know how much further it will fall. But I think we have indeed hit the bottom, because first, the AI market is still very tight. This is not a market with overcapacity. The limiting factors we see (such as political resistance) have prevented more capital expenditure, which has indeed slowed down the growth rate, but has not formed a top.

I think the second signal is the cryptocurrency theft incident. You know, the $6.3 billion loss caused by the Binance hack hardly led to a decline in cryptocurrency prices. Because if cryptocurrency is a leading indicator of risk appetite, you have already seen people being somewhat shaken out, but this has hardly hurt cryptocurrency prices."