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.
Monday, November 9, 2026
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From X
Myles on X
Trimming a bunch of my $META. This move feels excessive and toppy.
Negligible Capital on X
$META has gained about $212B in market cap today, currently up over 12% For perspective, META's market cap has increased by about 22x the market value of $SNAP. Wild moves
Chris Camillo on X
@piques15 so many ways to win. we all good. my conviction in $META arrived at 2:30pm ET Friday, grew through the weekend, and resulted in my 2nd most profitable single-day trade in 20 years.
Chris Camillo on X
@masayoshisson would u rather be right in your head or win the trade? $META
Asif Suria on X
@aurelius28 @Investor_NICK_ Long $LLY. Was doing work on $HELP but it ran up a lot after the AtaiBeckley acquisition. We wrote about it recently after some insider purchases:
JabroniCoin.USD on X
Weird $HPQ 8-K dropped on assuming MSD PC unit declines in 2027
JabroniCoin.USD on X
Feels like $NKE has lost its sole
A Capital on X
@RitzerAdam @valuedontlie Motion Spin o might trade at a persistent discount to $AIT and dividend focused $GPC funds will punt it as well. Maybe there is a run-up to $140 pre-spin, but I’d be more comfortable adding sub <$120 here.
Investor Letters
All letters- Spheria — Global Smaller Companies Fund month ended 31 October 2026 SN $31B
- Rathbones October 2026 SBGSF $143BSIEGY $233B
- FCL Capital October 2026 ANPDF $28BASML $575B
- Protean Funds October 2026 LFABF $13BNSIS-B $30B
- Horizon Kinetics 3rd Quarter 2026 TPL $19BLNG $64B
- NS Partners Q3 2026 AAVMY $39BALBKY $12B
- Invesco — Small Cap Value Fund Q3 2026 AVTR $10BCRL $16B
- Arisaig Partners September 2026 TORIF $31B
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Aseity Research 3 clicks
Roblox: Capture This Moment
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DoorDash and Google
DoorDash and Google.
The TL Podcast for November 9th: The spy who loved me
Nvidia CEO Jensen Huang faced new revelations after a week of political upheaval and a broad technology-stock sell-off.
Jensen Huang’s Affair, The Culper Report, Huang’s Righteousness
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Speedrun | Upcoming Events This Week - [November 2 - November 6, 2026]
Week ahead lists Nvidia, earnings, inflation and PPI releases alongside Iran conflict developments.
Moody’s: Fasten Your Seat Belts, But Not for AI
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NEW POSITION: Google LEAPS
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Procore CFO: Now we scale the business
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Applied Materials: A Consequential Earnings Preview For The Whole Market (Rating Upgrade)
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Earnings Review: AMD, MELI, TIC, XPEL, ZTS
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Amazon: Strong Buy Before AWS Growth Rewrites The Earnings Story
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Dhierin Bechai 4 clicks
The Midterms Have Changed the AI Narrative: S&P Down 4.4%, Nasdaq Down 5.5% | The Weekly Wrap
Steve Eisman links a Democratic midterm sweep and CoreWeave concerns to an AI narrative shift as the S&P 500 fell 4.4% and Nasdaq 5.5%.
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Sectors
Ordered by how often our editor reaches for them.
