ING Infrastructure Industrials & Materials Fd
IDE11.8802.06% ( -0.250 )
Closed: Oct 5, 16:00:00 (EDT)‘Big Short’ Investor Steve Eisman Says Forget the AI Hype — These 6 ‘Picks and Shovels’ Stocks Could Be the Real Winners
benzinga_article·- Investor Steve Eisman advises focusing on AI infrastructure suppliers rather than large language model developers or cloud hyperscalers due to a lack of competitive moats and high capital expenditures. - He highlights six "picks and shovels" stocks, including Nvidia, Micron Technology, GE Vernova, Arista Networks, Cisco Systems, and Eaton, which benefit from heavy tech spending. - Eisman also warns of severe concentration risks, noting that the sector's supply chain heavily relies on a few major customers and unprofitable AI startups.Union Pacific Corp. Stock Outperforms Competitors On Strong Trading Day
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