The Big Short's Steve Eisman: 'Market Hasn't Been This Concentrated Since 2008'
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Steve Eisman sees striking similarities between today's markets being driven by AI hype, and the 2008 financial crisis: people getting overly optimistic and moving full speed ahead without much thought for the consequences. Steve warns that the big AI names are way over their head in spending commitments, without the revenue to back their capex and once the market realizes this and the narrative shifts, the results could be catastrophic.
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