The AI boom yet has one more spectacular rally to offer, but this is precisely what makes it dangerous. Past market cycles suggest that the S&P 500 should theoretically reach 8,863; investors who mistake this final surge for a new beginning may face a painful reality check.
The AI revolution has become one of the defining investment narratives of the 2020’s. Governments are running substantial fiscal deficits, central banks remain under pressure to support liquidity, and investors continue to price extraordinary growth into AI-driven companies. The result has been a powerful combination of optimism, liquidity and technological euphoria that has pushed U.S. equities to record highs. But there is a question investors should absolutely be asking: What if we are much closer to the death throes of the AI-driven bull market than the birth?