Steve Eisman, the investor made famous by “The Big Short,” says this week marked the moment investors stopped rewarding runaway AI spending, with Alphabet Inc. (NASDAQ:GOOGL) the biggest casualty.
“A year ago, it was all rah-rah for AI. When companies raised their capex budgets, the market cheered,” Eisman said on his podcast, The Real Eisman Playbook. Now, he says, “everyone is nervous and that nervousness was on full display this week.”
