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Eisman Cashes Out on AI Stocks | Durham News
Veteran investor Steve Eisman is cashing out of Alphabet shares, not because he doubts Google’s core business, but because he’s wary of the AI-driven spending spree. He warns that the market is dangerously concentrated in AI plays, and massive corporate borrowing tied to AI infrastructure could trigger a major correction if AI fails to deliver on its promises. While companies like Alphabet and Microsoft pour billions into servers and data centers, Eisman questions whether AI investments will generate enough sustainable profit to justify the cost. He’s holding cash to wait for clarity, seeing…
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