Google Surges Past OpenAI and AI Faces a Bigger Crisis That Could Break the Boom | The Weekly Wrap

In this edition of The Weekly Wrap, Steve Eisman discusses market performance, noting a recovery from the previous week's losses and attributing it to dovish Fed statements. He analyzes Dell's earnings, highlighting strong guidance but cautioning about its low PE multiple due to a lack of proprietary products. Eisman explores the AI boom, drawing parallels to the railroad boom and discussing the competition between OpenAI and Google's Gemini 3. He addresses Michael Burry's critique of hyperscalers' accounting practices and identifies power as the binding constraint in AI development, citing examples of delayed data center projects due to power shortages. Eisman also touches on the tendency to overvalue CEOs, using examples like Jack Welch and Brian Nickell, and shares an email from a viewer explaining Europe's economic struggles due to a restrictive mentality towards investment. Finally, he promotes past and upcoming interviews and content on his platforms.