Steve Eisman, the American investor made famous for his subprime mortgage bets depicted in The Big Short, sold his entire position in Google to reduce his exposure to the artificial intelligence sector. He warns that the entire stock market is now trading as a single bet on AI, representing a major systemic risk. The investor stated he now holds a significant cash position while waiting for a market correction. This stance comes amid a massive rally in AI-linked tech stocks during the first half of 2024.
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