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However, I do believe we're going to be going into a bubble,” Sanctuary Wealth chief investment strategist Mary Ann Bartels told Yahoo Finance last week.Batels compared the current market to prior bubbles, including the late 1920s and the dot-com bubble.“We're tracking pretty similarly. In fact, it's kind of eerie how we're actually tracking that pattern,” she said. “I see a bubble occurring but not out until maybe ’29 into ’30.”But for the time being, Sanctuary strategists forecast that tech will continue leading the market higher out into the end of the decade. They place the S&P 500 anywhere between 10,000 and 13,000 by 2030.“That's why we're calling 2026, you know, to be fearless, that there's still significant upside in this market, particularly for technology,” she said.Part of the upside comes from semiconductor stocks. Once treated as commodity plays, they become growth stocks, with Nvidia (NVDA) “basically rewriting the path for semiconductor chips.”The AI chip powerhouse has surged over 40% so far this year, pushing its market cap to $4.6 trillion and making it the most valuable publicly traded company. On Friday, Nvidia shares rose after the company announced a $20 billion licensing deal with specialized chipmaker Groq (GROQ.PVT).The deal was announced as the chip space has heated up, with Alphabet's Google (GOOG) making headlines with its specialized customer chips called TPUs.Alphabet stock has soared some 65% year to date.UBS strategists also expect the AI boom and robust profit growth to underpin market gains in 2026.“We note that forward price-to-earnings multiples are only marginally higher than at the start of the year, reinforcing the fact that earnings growth and not valuation bubbles have driven market gains,” wrote the strategists last week.UBS forecasts S&P 500 earnings per share to grow about 10% year over year, pushing the index to 7,700 by the end of next year.Veteran strategist Ed Yardeni also sees the index reaching 7,700 next year, with the probability of his "Roaring 2020s" scenario at 60%. He cited, among other reasons, tax benefits from the "One Big Beautiful Bill" that passed this year and the AI boom.In October, Goldman Sachs analysts argued the stock market isn’t in a bubble because tech stocks have risen mostly due to actual growth, not speculative bets. The firm noted that top-performing companies have strong balance sheets and the AI sector is still mostly led by a few big players, while most bubbles occur when many new entrants rush into a hot sector.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,956.75 +1.75 (+0.03%)Dow Futures48,753.00 +4.00 (+0.01%)Nasdaq Futures25,748.75 +9.00 (+0.03%)Russell 2000 Futures2,537.90 +1.70 (+0.07%)VIX14.20 +0.60 (+4.41%)Gold4,378.50 +34.90 (+0.80%)Trending tickersBNAI Brand Engagement Network, Inc. 2.5050 +1.3050 (+108.75%)RARE Ultragenyx Pharmaceutical Inc. 19.72 -14.47 (-42.32%)CETX Cemtrex, Inc. 2.1100 -0.1700 (-7.46%)MREO Mereo BioPharma Group plc 0.2854 -2.0246 (-87.65%)RPGL Republic Power Group Limited 0.6834 +0.4201 (+159.55%)PortfolioSign in to access your portfolioSign inTop gainersPRAX Praxis Precision Medicines, Inc. 304.58 +35.63 (+13.25%)RGC Regencell Bioscience Holdings Limited 23.48 +2.32 (+10.96%)DBRG DigitalBridge Group, Inc. 15.26 +1.34 (+9.63%)BLTE Belite Bio, Inc 165.29 +10.36 (+6.69%)PSNY Polestar Automotive Holding UK PLC 18.66 +1.12 (+6.39%)Top losersSBSW Sibanye Stillwater Limited 14.20 -1.50 (-9.55%)BRBR BellRing Brands, Inc. 27.33 -2.83 (-9.38%)DJTWW Trump Media & Technology Group Corp. 7.38 -0.74 (-9.11%)DRD DRDGOLD Limited 30.54 -2.79 (-8.37%)HMY Harmony Gold Mining Company Limited 19.95 -1.79 (-8.23%)Most activeNVDA NVIDIA Corporation 188.22 -2.31 (-1.21%)DBRG DigitalBridge Group, Inc. 15.26 +1.34 (+9.63%)NIO NIO Inc. 5.34 +0.24 (+4.71%)PLUG Plug Power Inc. 1.9700 -0.1000 (-4.83%)TSLA Tesla, Inc. 459.64 -15.55 (-3.27%)Top economic eventsEarnings eventsMy earnings eventsEarnings events