Archive · 11 Oct 2026
AI-Led US Stock Bull Run Nears Four-Year Anniversary
Many investors have been buying shares in companies connected to artificial intelligence.
This has helped drive a long rise in US stock prices.
Baliga says some of these shares may now be valued too highly.
He thinks the excitement could fade and prices could fall.
He compares the situation to the dotcom bubble, when excitement about the internet led to investments that later disappeared.
He also says a fall in AI stock prices might lead investors to put more money into India.
India has seen overseas investors take money out over the past two years.
This is a warning about what could happen, not a certainty.
The US stock market’s AI-led bull run is approaching its fourth anniversary.
Baliga says enthusiasm for AI has driven valuations sharply higher.
He warns that an AI-related market bubble could burst soon.
Baliga compares current AI enthusiasm with the dotcom bubble.
He says a correction could redirect foreign investment toward India, which has experienced overseas fund outflows over the past two years.
- Who
- Baliga, commenting on AI-related stock valuations and investment flows.
- What
- The AI-led US stock market bull run is nearing its fourth anniversary, while Baliga warns valuations may be vulnerable to a correction.
- When
- As the bull run approaches its four-year anniversary; the articles do not give a specific date.
- Where
- The United States stock market, with possible investment-flow effects for India.
- Why
- Baliga says AI-related enthusiasm has pushed valuations sharply higher and may lead to a bubble bursting.
- Market trend
- An AI-led US stock market bull run is nearing its four-year anniversary.
- Assessment
- Baliga says AI-related enthusiasm has caused valuations to rise sharply.
- Risk cited
- Baliga believes the AI-related bubble could burst sooner rather than later.
- Historical comparison
- He compares the current AI enthusiasm with the dotcom bubble.
- Potential investment shift
- A correction in AI-related stocks could redirect foreign investment toward India.
- India flows
- India has experienced significant overseas fund outflows over the past two years.