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Technology

Time: 2024-05-23

Apple's Potential to Soar in the Artificial Intelligence Market Predicted by 'Big Short' Investor Steve Eisman

Apple's Potential to Soar in the Artificial Intelligence Market Predicted by 'Big Short' Investor Steve Eisman
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Investor Steve Eisman, known for his role in 'The Big Short,' foresees Apple reaping significant benefits from the artificial intelligence (AI) surge. Eisman shared his views during an interview on CNBC's 'Fast Money,' just before Nvidia's first-quarter earnings report. Eisman, now a senior portfolio manager at Neuberger Berman, gained fame for his accurate prediction of the 2008 financial crisis. This time, he believes in the potential of AI. He highlights Nvidia, Advanced Micro Devices, and cloud companies with vast data resources as prime AI investment opportunities. Contrary to popular focus on cloud computing, Eisman emphasizes Apple as a key player poised for growth. He anticipates a comprehensive product upgrade from Apple once AI applications become widespread. Eisman himself is already considering updating his devices to adapt to the evolving technology landscape. The investor stresses the importance of patience as AI-driven applications evolve, foreseeing a significant tech upgrade cycle in the future.

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