The Real Eisman Playbook/
Google's Negative Cash Flow and the AI Capex Reckoning | The Weekly Wrap
Steve Eisman argues the AI trade is shifting from hype to a capital-intensive reckoning, driven by cheaper Chinese models, rising capex, and negative free cash flow at major tech names. He also reviews a mixed batch of earnings across defense, software, industrials, and private markets, then answers mailbag questions on bank stocks and the mechanics of shorting.
