Steve Eisman’s Playbook for the AI & Infrastructure Boom | #544

In this podcast episode, Eisman explores the complex ways AI is reshaping financial markets and investment strategies. He notes that many companies are still in the early stages of adopting AI, mainly concentrating on data cleanup. Eisman predicts a shift where hardware may soon take precedence over software and draws comparisons between the current AI surge and previous tech bubbles, highlighting the crucial roles of established companies and the importance of balance sheets in investment decisions. The discussion also considers how the 2024 US Presidential election could influence market trends, especially in the energy sector, and he warns against viewing cryptocurrencies as sound investments. Ultimately, Eisman offers strategic advice for navigating an investment landscape increasingly influenced by AI developments and political changes.