"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession
Published . Updated .
One of the investors who famously predicted the 2008 mortgage crisis says that today, too much money may be tied up in too few tech names.
Directly affected
- No company is named in this report.
Indirectly affected
- QQQ Invesco QQQ+1.7% 18d
Invesco QQQ: it holds the big tech and AI names. Linked by “openai” (AI and big tech) in this story.
- AIQ Global X Artificial Intelligence & Technology ETF-1.8% 30d
Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “openai” (AI and big tech) in this story.
- XLRE Real Estate Select Sector SPDR-0.8% 30d
Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.
- MSFT Microsoft+8.4% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “openai” (AI and big tech) in this story.
- GOOGL Alphabet-6.5% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “openai” (AI and big tech) in this story.
- AMZN Amazon.com+2.9% 30d
Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “openai” (AI and big tech) in this story.
- META Meta Platforms-7.9% 30d
Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “openai” (AI and big tech) in this story.
- PLD Prologis-6.9% 30d
Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| QQQ | +0.56% | -2.36% | base | after close | after close | after close | after close |
| AIQ | +0.50% | -2.20% | base | after close | after close | after close | after close |
| XLRENo price data for this ticker | — | — | — | — | — | — | — |
| MSFT | +0.23% | -1.36% | base | after close | after close | after close | after close |
| GOOGL | +4.40% | -0.12% | base | after close | after close | after close | after close |
| AMZN | +3.64% | -2.04% | base | after close | after close | after close | after close |
| META | +12.65% | +3.57% | base | after close | after close | after close | after close |
| PLDNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession The Motley Fool
Source: The Motley Fool
Price since this story was published: Invesco Qqq Trust, Series 1 (QQQ)
| Company | When | Move | Status |
|---|---|---|---|
| Global X Fds (AIQ) | three days earlier | -2.20% | final price |
| Global X Fds (AIQ) | five days earlier | +0.50% | final price |
| Amazon Com (AMZN) | three days earlier | -2.04% | final price |
| Amazon Com (AMZN) | five days earlier | +3.64% | final price |
| Alphabet (GOOGL) | three days earlier | -0.12% | final price |
| Alphabet (GOOGL) | five days earlier | +4.40% | final price |
| Meta Platforms (META) | three days earlier | +3.57% | final price |
| Meta Platforms (META) | five days earlier | +12.65% | final price |
| Microsoft (MSFT) | three days earlier | -1.36% | final price |
| Microsoft (MSFT) | five days earlier | +0.23% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | -2.36% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +0.56% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 28 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 30 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Microsoft (MSFT), worth $1,001 - $15,000 on 24 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 44 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 62 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 61 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 62 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Amazon Com (AMZN), worth $15,001 - $50,000 on 26 Aug 2026. That is 63 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Meta Platforms (META), worth $1,001 - $15,000 on 24 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Meta Platforms (META) (held by a dependent child), worth $1,001 - $15,000 on 23 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Meta Platforms (META), worth $1,001 - $15,000 on 22 Sep 2026. That is 36 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Qqq Trust, Series 1 (QQQ)
Companies tied to this story
- QQQ Invesco Qqq Trust, Series 1
In “"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “openai” (AI and big tech) in this story
- AIQ Global X Fds
In “"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession,” Global X Fds (AIQ) is linked, with no stored direction, medium confidence. Reason on file: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “openai” (AI and big tech) in this story
- MSFT Microsoft
For “"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “openai” (AI and big tech) in this story
- GOOGL Alphabet
Alphabet (GOOGL) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession.” Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “openai” (AI and big tech) in this story
- AMZN Amazon Com
Amazon Com (AMZN) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession.” Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “openai” (AI and big tech) in this story
- META Meta Platforms
In “"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession,” Meta Platforms (META) is linked, with no stored direction, medium confidence. Reason on file: Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “openai” (AI and big tech) in this story
Invesco Qqq Trust, Series 1 (QQQ)
“"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession” (28 Oct 2026) reaches Invesco Qqq Trust, Series 1 (QQQ) through this story.
For Invesco Qqq Trust, Series 1 (QQQ), the reason on file says Invesco QQQ: it holds the big tech and AI names. Linked by “openai” (AI and big tech) in this story
Global X Fds (AIQ) is here too. Its reason reads: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “openai” (AI and big tech) in this story
The price range for Invesco Qqq Trust, Series 1 (QQQ), and the dates in the story
AIQ traded between 61.70 and 67.40 across 19 sessions. The latest close on file is 62.94. MSFT traded between 510.42 and 551.08 across 20 sessions. The latest close on file is 531.58. QQQ traded between 701.18 and 762.84 across 18 sessions. The latest close on file is 721.22.
What the saved facts support for Invesco Qqq Trust, Series 1 (QQQ)
46 out of 100
“"Big Short" Investor Steve Eisman Warns: OpenAI Bankruptcy Could Cause a Recession” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.