Stories
AI-Driven US Stock Bull Market Nears Its Four-Year Anniversary
C
CNBC TV18•09-10-2026, 17:10
AI-Driven US Stock Bull Market Nears Its Four-Year Anniversary
- •The US stock bull market is approaching its fourth anniversary, fueled by strong corporate profits and economic growth driven by artificial intelligence spending.
- •The S&P 500 has surged 117% since its closing low on October 12, ranking as the eighth-longest and sixth-best-performing bull market since World War Two.
- •Oxford Economics estimates that about one-third of recent US economic growth stems directly and indirectly from AI infrastructure investment and market gains.
- •Nvidia's market capitalization has skyrocketed to $5.8 trillion, making it the world's most valuable company amid a tech-dominated rally.
- •Despite strong momentum, market concentration risks, rising Treasury yields, and the Federal Reserve's monetary policies pose potential threats to future equity gains.
Key Questions Answered
The US stock bull market is primarily driven by an AI spending engine that is propelling corporate profits and economic growth, with S&P 500 earnings expected to rise over 35% this year.
Key risks include the Federal Reserve's interest rate hikes, spiking US Treasury yields, potential market volatility heading into midterm elections, and growing market concentration risk tied to tech dominance.
Nvidia's market capitalization has soared from $286 billion on October 12, 2022, to $5.8 trillion, making it the largest company by market value in the world.
