Investor Steve Eisman of "The Big Short" fame expects Apple to capture epic gains from the artificial intelligence boom. "I think Apple is actually the hidden AI play," he told CNBC's " Fast Money " on Tuesday, less than 24 hours before chip giant Nvidia reports its fiscal first-quarter results. Eisman, who is now senior portfolio manager at Neuberger Berman, is known for his successful bet against the housing market ahead of the 2008 financial crisis.
"When the apps show up, the biggest probably beneficiary is going to be Apple because they're going to have a refresh of literally everything that they sell." Indeed, the investor is already thinking about his own upgrade cycle. "When there will be apps that the consumer can use, they're going to want to use it on their phone," Eisman said.