The David Lin Report · Friday, August 28, 2026
Steve Eisman believes the primary risk in the current market stems from the AI sector, specifically OpenAI and Anthropic. He anticipates that the future IPOs of these companies will provide crucial financial data to indicate the direction of the tech bubble, noting that the entire AI ecosystem relies on their success.
“The way I sort of see the entire AI story is that Nvidia sells chips to hyperscalers. 70% of hyperscaler AI revenue is from Anthropic and Open AI.”
“That's according to Steve. This is a very, very important episode for anybody exposed to the tech sector, which is all of us if we're in the S&P 500.”
“And now Steve is going to tell us about the number one risk he's watching in markets today. Hint, it's in the tech sector.”