The U.S. economy is the most dynamic it’s ever been as AI and infrastructure overpower Fed rate hikes, ‘Big Short’ investor Steve Eisman says
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Neuberger Berman senior portfolio manager Steve Eisman believes that the U.S. economy is more dynamic than ever due to the artificial intelligence race and boost in infrastructure projects. He predicts that the next stage in the tech narrative will be consumers buying new AI-enabled phones and laptops, particularly from Apple. Eisman also raises the question of whether the cost of creating software will decrease if AI is successful, potentially impacting software stocks. He highlights the success of hardware companies supplying the AI sector, such as Nvidia. However, relying heavily on one stock like Nvidia poses a risk to the S&P 500 if it declines. Eisman advises investors to hold on to their Apple stock and considers Alphabet as a core holding as well. The article was originally featured on EMEA Tribune.

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https://emeatribune.com/the-u-s-economy-is-the-most-dynamic-its-ever-been-as-ai-and-infrastructure-overpower-fed-rate-hikes-big-short-investor-steve-eisman-says/