Steve Eisman Stays on Sidelines, Won’t Short AI Assets

Eisman's reluctance cuts against the caricature of the AI bear. It signals that even prominent skeptics see the trade as lacking a clear catalyst, which matters for how the boom's critics are positioned. The notable point is the gap between doubt about valuations and conviction to act on it, a gap that says more about the absence of a trigger than about the bull case itself. Whether that reluctance holds as doubts deepen is the open question.