Steve Eisman Calls AI 'Terminator' Fears 'Garbage,' Urges Firms to Postpone IPOs

IndustryAnalyst
โดย Benzinga·US·Read original
Summary · why it matters

'Big Short' investor Steve Eisman dismissed fears of runaway artificial intelligence as "garbage" and challenged AI companies warning the technology is moving too fast to postpone their IPOs and capital raises. Eisman, who said he has stopped adding to his AI positions and trimmed some exposure, warned that weakness at the leading AI labs could ripple through Nvidia and the broader AI trade, noting Nvidia is considering investing as much as $10 billion as an anchor investor in Anthropic's planned IPO. He argued the labs lack a moat, saying "token maxing is over" as cheaper open-weight models take market share, and accused them of trying to manufacture a crisis to invite regulation that would create a duopoly. Anthropic is preparing what could be the largest IPO ever, potentially raising as much as $100 billion at a valuation around $2 trillion, roughly double the $965 billion valuation from its May funding round. Eisman called OpenAI "the weaker company" of the two, tying its decision not to go public in 2026 to that weakness, and warned that if something happened to either company the chain would fall apart.

Impact on stocks 1

Artificial Intelligence▲ · 1 stocks
NVIDIA Corporation
NVDA
± MixedCapitalrelevance

Eisman warns weakness at leading AI labs could ripple through Nvidia, while noting Nvidia may invest up to $10B as anchor investor in Anthropic's IPO.

Theme Impact 3

Off-coverage companies 2

AnthropicPrivate± Mixed
Capitalrelevance

Anthropic is preparing what could be the largest IPO ever, raising up to $100B at a ~$2T valuation, with Nvidia possibly anchoring as investor.

OpenAIPrivate▼ Negative
Competitionrelevance

Eisman calls OpenAI 'the weaker company' and ties its decision not to go public in 2026 to that weakness.

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