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Steve Eisman is starting to have doubts about AI. The 'Big Short' investor just sold a key tech stock

First publishedJul 27, 12:35 UTC

Last updatedJul 27, 16:11 UTC · 11m ago

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Answer

Reported by 1 outlet — CNBC Top News. See all sources ↓

Steve Eisman, the investor made famous by The Big Short, said he has reduced his exposure to artificial intelligence after selling his longtime stake in Alphabet , warning that investors may be underestimating the risks if the AI boom fails to deliver on lofty expectations. I sold my Google a couple of months ago. I can't even tell you how long I've owned Google," Eisman said Monday on CNBC's " Squawk Box ." "I wanted to reduce my exposure to AI." His comments came after the relentless rally in technology stocks took a breather. The S & P 500 and the Nasdaq Composite just suffered back-to-back weekly losses, falling 0.6% and 2.1%, respectively.

Read the full report at CNBC Top News ↗

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In brief

What's the story?: Steve Eisman, the investor made famous by The Big Short, said he has reduced his exposure to artificial intelligence after selling his longtime stake in Alphabet , warning that investors may be underestimating the risks if the AI boom fails to deliver on lofty expectations. I sold my Google a couple of months ago.
How widely is it covered?: 1 outlet, average source rating 7.0/10.
When was it last updated?: 11m ago.

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Steve Eisman is starting to have doubts about AI. The 'Big Short' investor just sold a key tech stock
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TypeCoverage
CNBC Top NewsJul 27, 12:35

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Sources (1)

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CNBC Top News7

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