Investor Steve Eisman of “Big Short” fame delivers an AI bubble warning, coming on the heels of Nvidia’s $500 billion financing deal with top firms on Wall Street. The traders make sense of the mega-deals playing out in tech now. Then, economist Joe Lavorgna lays out his expectations for tomorrow’s CPI report—and why the former counselor to Treasury Secretary Bessent thinks the Fed should hike interest rates now. Plus, all the headlines from CoreWeave earnings, On Holding’s worst day on record and the Options Action ahead of Cisco results.<br><br>Fast Money Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

“Big Short” investor’s AI warning... And a key inflation report on deck 8/11/26

CNBC's "Fast Money"

Live from the NASDAQ market site in the heart of New York City's Times Square, this is Fast Money. Here's what's on tap. Call it the genius of Jensen? The day after NVIDIA announcing a massive deal to a number of the street's biggest firms, we were asking, what does it all mean? Steve Eisner, a Big Short fame, and the traders ready to break it all down for you. Plus, losing its tread. Another sneaker maker getting hammered today. Shares of On Holdings down over 20%. It's worst day ever.

Is it time to just sideline and sell the entire sneaker sector? We'll debate later on. We're going to go inside Kaba's results, do a little options action on Cisco, and find out why is the Chartmaster ready to ditch value for growth? Huh. Good question, Carter.

Hi, everybody. I am Brian Sullivan. In for Melissa tonight, coming to you live, as always, from Studio B, right here at the NASDAQ and on your desk, the aforementioned Carter Worth. We've got Karen Feinerman. We've got Dan Nathan. And we have Julie Beal as well. Big hour ahead. Thanks for being with us. Let's begin with the day after the day. 24 hours ago, over $23 trillion in assets under management was sitting around this very table.

NVIDIA's Jensen Huang flanked by David Solomon of Goldman Sachs, John Gray of Blackstone, the leaders of KKR, Brookfield, Apollo, and Larry Fink of BlackRock was there as well. The big announcement, a half a trillion dollars of investment in AI infrastructure and maybe the creation of an entirely new asset class.

“Big Short” investor’s AI warning... And a key inflation report on deck 8/11/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

“Big Short” investor’s AI warning... And a key inflation report on deck 8/11/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.