It’s All One Trade: Steve Eisman’s AI Market Play 7/27/26

Squawk Pod

CNBC

Investing, Business, Business News, News

4.2 • 547 Ratings

🗓️ 27 July 2026

⏱️ 42 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

Nvidia is in talks with OpenAI to finance a new data center project in Ohio, according to reports. As markets kick off the busiest week of earnings season, investor Steve Eisman shares his perspective on the AI trade, big tech’s big capital expenditures, the moats around tech and AI companies, and how he’s hedging his own portfolio. CNBC’s Dan Murphy reports on the current pause in fighting between the U.S. and Iran, and RBC Capital Markets’ Helima Croft discusses the conflict’s impact on the energy markets. Plus, PharmatrophiX co-founder and Stanford Professor Dr. Frank Longo explains Compound 31, a new FDA-approved drug to treat Alzheimer’s. He shares his personal journey toward medical innovation in the field, and shares the differentiators between Compound 31 and the Alzheimer’s treatments that have come before it. Dan Murphy - 07:50 Helima Croft - 12:43 Steve Eisman - 22:36 Dr. Frank Longo - 34:43 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Dan Murphy, @dan_murphy Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.2	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.7	A pause and strikes on Iran sends markets on a bounceback journey.
0:13.5	Our Dan Murphy in Abu Dhabi on the latest in the Middle East conflict.
0:16.9	The real signal is exactly what we see coming out of the meeting between Trump and Netanyahu this week,
0:22.6	if the Israelis pushed the U.S. to try and perhaps return to the conflict here.
0:28.6	And oil prices falling, Halima Croft on global energy.
0:32.6	Do I think oil is a barometer for the pressure building in the Middle East? No, I think it's
0:38.7	a broken barometer. The market's rise boosted by enthusiasm in one key technology. We turn
0:45.6	to veteran Wall Street watcher Steve Isman. Oh, I think it's all one trade. It's AI.
0:50.7	Who is reducing his exposure to artificial intelligence, including trimming his stake in long-held
0:55.9	stock alphabet.
0:57.4	What scares me is that it's all one trade, so it better succeed.
1:02.4	Plus, a pill to treat Alzheimer's.
1:05.1	We think our drug is creating this resilience.
1:08.4	Stanford neurologist Frank Longo on the breakthrough in clinical trials that he wants to get
1:13.5	into patients.
1:14.7	This is a drug right here.
1:16.4	It's a pill.
1:17.0	It can be taken orally.
1:19.1	It is Monday, July 27th.
	...

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