US stock bulls predict the Nasdaq will reach 30,000 points within a year, while bears warn of a bubble.
2026-05-12 10:53:28
Current US tech earnings reports have exceeded expectations, strongly igniting market sentiment towards the artificial intelligence sector. The Nasdaq index has seen considerable gains this year, and institutional bullish sentiment is high, anticipating further upward movement. However, at the same time, prominent investors are warning that the AI hype is approaching the end of the dot-com bubble, while other industry leaders are cautioning that although the rally is not over, a sharp valuation correction may follow, and the divergence between bulls and bears is becoming increasingly apparent.
On Monday, Dan Ives, managing director of Wedbush Securities, shared his views on a financial program, stating that the overall strong performance of the new round of earnings season for technology companies has continued to boost market enthusiasm for artificial intelligence concept stocks, and he expects the Nasdaq index to rise to the 30,000-point mark within the next year.
Earlier this year, market sentiment was cautious, but strong tech earnings reports completely reversed investor sentiment, with funds generally optimistic about the long-term prospects of artificial intelligence infrastructure construction.
On Friday, the Nasdaq Composite Index closed at 26,247.08 points, with a year-to-date gain of 12.93%. Ives stated that the recent flurry of earnings reports has validated the logic behind the AI bull market. The current chip market is experiencing extreme supply and demand tensions, with a supply-demand ratio as high as 10 to 1. The AI industry revolution is still in its early stages, and the industry's long-term upward trend will not be altered by short-term doubts.
In stark contrast to optimistic institutions, Michael Burry, a well-known investor famous for his book "The Big Short," publicly issued a risk warning last Friday. He stated that the current stock market has deviated from fundamental logic such as employment data and consumer confidence. The one-sided upward trend is driven solely by inertia, and the market has fallen into homogeneous speculation, with everyone believing they understand the investment logic of AI. Burry believes that the current market atmosphere is highly similar to the final months before the bursting of the dot-com bubble in 1999-2000, and the hype surrounding AI concepts is showing signs of the end of a bubble.
Ives remains bullish on the artificial intelligence (AI) market, believing the current upward cycle can continue for at least another two years. He points out that the accelerated deployment of AI infrastructure is triggering unprecedented demand for memory chips, and the industry is entering a super boom cycle, making him very optimistic about the development prospects of leading memory companies like SK Hynix. He also suggests that investment strategies should focus on the ecosystem of large-scale cloud technology providers, rather than limiting themselves to a single sub-sector. In addition to the core chip sector, it's essential to simultaneously invest in upstream and downstream sectors such as software, cybersecurity, computing infrastructure, and power supply to capitalize on the benefits of the entire industry chain.
In the past month, the Nasdaq Philadelphia Semiconductor Index, which comprises 30 leading listed chip companies in the US stock market, has surged by 38%. Tech giants such as Intel, Nvidia, Apple, and Alphabet have all achieved double-digit gains, becoming the core force driving the market upward.
Paul Tudor Jones, founder and chief investment officer of Tudor Investments, analyzed on Thursday that the AI-driven bull market in US stocks still has room to continue rising. However, he also rationally cautioned that after a sustained rise, a significant valuation correction cannot be ruled out in the future, and investors should remain cautious and avoid blindly chasing the highs.
Overall, strong earnings reports from leading tech companies provide solid support for the AI market rally, with institutions generally optimistic about the Nasdaq's potential for further gains, and funds continuing to flow into the technology sector across the entire industry chain. However, concerns about a market bubble are gradually intensifying, with prominent investors warning of irrational market behavior and industry leaders highlighting the risk of valuation corrections. The current AI bull market is in a phase where optimism and underlying risks coexist, and the interplay between bulls and bears will continue to influence the future trajectory of US stocks.
Earnings reports boost market confidence; institutions are optimistic that the Nasdaq will challenge 30,000 points.
On Monday, Dan Ives, managing director of Wedbush Securities, shared his views on a financial program, stating that the overall strong performance of the new round of earnings season for technology companies has continued to boost market enthusiasm for artificial intelligence concept stocks, and he expects the Nasdaq index to rise to the 30,000-point mark within the next year.
Earlier this year, market sentiment was cautious, but strong tech earnings reports completely reversed investor sentiment, with funds generally optimistic about the long-term prospects of artificial intelligence infrastructure construction.
On Friday, the Nasdaq Composite Index closed at 26,247.08 points, with a year-to-date gain of 12.93%. Ives stated that the recent flurry of earnings reports has validated the logic behind the AI bull market. The current chip market is experiencing extreme supply and demand tensions, with a supply-demand ratio as high as 10 to 1. The AI industry revolution is still in its early stages, and the industry's long-term upward trend will not be altered by short-term doubts.
Short sellers warn of a looming bubble, drawing parallels to the early 2000s internet boom.
In stark contrast to optimistic institutions, Michael Burry, a well-known investor famous for his book "The Big Short," publicly issued a risk warning last Friday. He stated that the current stock market has deviated from fundamental logic such as employment data and consumer confidence. The one-sided upward trend is driven solely by inertia, and the market has fallen into homogeneous speculation, with everyone believing they understand the investment logic of AI. Burry believes that the current market atmosphere is highly similar to the final months before the bursting of the dot-com bubble in 1999-2000, and the hype surrounding AI concepts is showing signs of the end of a bubble.
Bulls are optimistic about the continuation of the market trend and are fully committed to the entire AI industry chain.
Ives remains bullish on the artificial intelligence (AI) market, believing the current upward cycle can continue for at least another two years. He points out that the accelerated deployment of AI infrastructure is triggering unprecedented demand for memory chips, and the industry is entering a super boom cycle, making him very optimistic about the development prospects of leading memory companies like SK Hynix. He also suggests that investment strategies should focus on the ecosystem of large-scale cloud technology providers, rather than limiting themselves to a single sub-sector. In addition to the core chip sector, it's essential to simultaneously invest in upstream and downstream sectors such as software, cybersecurity, computing infrastructure, and power supply to capitalize on the benefits of the entire industry chain.
In the past month, the Nasdaq Philadelphia Semiconductor Index, which comprises 30 leading listed chip companies in the US stock market, has surged by 38%. Tech giants such as Intel, Nvidia, Apple, and Alphabet have all achieved double-digit gains, becoming the core force driving the market upward.
Industry leaders have expressed a balanced view, stating that the bull market is not over but cautioning against valuation corrections.
Paul Tudor Jones, founder and chief investment officer of Tudor Investments, analyzed on Thursday that the AI-driven bull market in US stocks still has room to continue rising. However, he also rationally cautioned that after a sustained rise, a significant valuation correction cannot be ruled out in the future, and investors should remain cautious and avoid blindly chasing the highs.
Summarize
Overall, strong earnings reports from leading tech companies provide solid support for the AI market rally, with institutions generally optimistic about the Nasdaq's potential for further gains, and funds continuing to flow into the technology sector across the entire industry chain. However, concerns about a market bubble are gradually intensifying, with prominent investors warning of irrational market behavior and industry leaders highlighting the risk of valuation corrections. The current AI bull market is in a phase where optimism and underlying risks coexist, and the interplay between bulls and bears will continue to influence the future trajectory of US stocks.
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