Are US Stocks in a Bubble?

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Are US Stocks in a Bubble?

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 10, 2025. Charly Triballeau/AFP via Getty Images

For more than two years, U.S. stocks have pushed higher almost without pause. Tech giants fueled by the artificial intelligence (AI) boom dominate headlines, meme stocks are staging spectacular comebacks, and investors are borrowing record sums to chase gains.

With valuations stretched and bullish sentiment running high, many are asking: Are U.S. stocks in a bubble?

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