Big Short Investor Explains How the AI Bubble Could Burst
Steve Eisman argues the AI boom rests on a handful of companies and hundreds of billions in infrastructure spending, risking recession and a sharp market correction.
Steve Eisman argues the AI boom rests on a handful of companies and hundreds of billions in infrastructure spending, risking recession and a sharp market correction.
Wrote about this one recently and own some $MNRO shares + calls... Would be surprised if this isn't sold within next 12 months...
I personally would slightly prefer if the $CENX Oklahoma smelter gets delayed or even cancelled, as it means more capital return, especially at today’s prices Can’t wait to see run-rate EBITDA in Q4
@JerryCap Of course. Although I would think you'd like $BKNG and their mngmt as well.
Saw a post that "non-AI" stocks have nearly -1 corr to the market. What are some examples of good companies getting left behind by capital flows? Maybe $OTIS at 15x '17 P/E with ~80% of EBIT coming from elevator maintenance? Any other good ones with a 10 year time horizon?
@JerryCap 1) ASML, Hyperscalers (GOOGL, AMZN?) 2) $FOUR, $GPN, $BKNG? 3) $CSU
$AXTI - Another chance to short it.
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