Steve Eisman of Neuberger Berman Group predicts that the strong performance of large-cap tech stocks in the United States will continue for "many years" as artificial intelligence becomes more easily accepted by consumers through electronic devices.

He said in an interview on Thursday that people will want to use new artificial intelligence applications on their smartphones and personal computers, which will drive the "largest upgrade cycle in history" as they purchase upgraded devices.

Eisman said, "You have to hold large-cap technology stocks. This demand will continue to benefit companies such as Apple, Nvidia, Microsoft, and Oracle. Although Nvidia's high valuation may be seen as expensive, this is not a problem as its profits have tripled."

Eisman's words have caught the attention of Wall Street, where he gained notoriety for shorting subprime bonds before the global financial crisis. He said he has "a lot" of Nvidia stock and believes the stock's "narrative" will continue for years.

Against the backdrop of the Biden presidential election crisis and the competition for the Republican nomination with Trump, he also made political predictions: whether Biden stays on the Democratic candidate list or not, Trump will win in November.

Although he is known for shorting mortgage loans during the financial crisis, Eisman said he never shorts for his clients but occasionally shorts for himself. He said the U.S. economy is slowing down but overall prospects are good. There is no fundamental reason to short stocks significantly.

"I've predicted doomsday before, and that's bad for everyone," he said. "I don't want to predict it again, and there's no data to suggest it will happen."

Regarding Tesla, Eisman said that when fundamentals deteriorate, sometimes it is possible to short the electric car manufacturer. But he said the market is currently focusing on the company's ambitions in robot taxis and artificial intelligence, not investment fundamentals, which makes shorting impossible.

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