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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Fierce_beast on X
@stoic_point $EVLV what you think the company actually earns LTM and NTM on a per share basis? Assuming SBC is a real expense, and replacing and growing their units as real costs.
Asif Suria on X
@stockoholics Exactly! And this was before the potential of a competing offer from that New Zealand billionaire $MAT
A Capital on X
If the $PPLI deal breaks, $MGM trades up, right?
Calvin Blissett on X
@Cameron_Invest Thank you! I appreciate rebuttals always it tests conviction. I did do well as $BMBL is 5% of portfolio but I would not call that extreme conviction. I'm grateful for the luck
junkbondinvestor on X
Bumble is in "advanced talks" to go private at ~$1bn...for context, peak valuation after the IPO was about $14bn Didn't realize they refi'd their debt this April at S+800 (issued at 94)! If this deal takes the loan out at par, those lenders made ~12% in six months (20%+ IRR). Where do you think new debt on this would price? $BMBL
A Capital on X
What do we think happens to the spread between $MIAX and $CBOE? 🤔
Calvin Blissett on X
$BMBL. It seems gushing FCF and atrocious sentiment can work…
A Capital on X
@gudovich Yeah but $FRMI sketchy as hell
Investor Letters
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