Big bear Steve Eisman recently warned that if any hyperscale tech giant cuts its AI capital spending, the US stock market will “plummet.” In a recent interview, he pointed out that the current market has become a single trading environment that depends entirely on the success or failure of artificial intelligence. He further warned that the market's perception of artificial intelligence has changed dramatically from a year ago, when investors cheered enthusiastically for every increase in capital expenditure. “The situation is much more complicated now. That doesn't mean it's all bad, but it's really much more complicated,” he said.

Big bear Steve Eisman recently warned that if any hyperscale tech giant cuts its AI capital spending, the US stock market will “plummet.” In a recent interview, he pointed out that the current market has become a single trading environment that depends entirely on the success or failure of artificial intelligence. He further warned that the market's perception of artificial intelligence has changed dramatically from a year ago, when investors cheered enthusiastically for every increase in capital expenditure. “The situation is much more complicated now. That doesn't mean it's all bad, but it's really much more complicated,” he said.