Free Livestream
Is This an AI Bubble?
Saturday, June 27th, 2026 at 10 AM ET
You've lived through a bubble before.
Which is exactly why this question is worth asking.
The late-1990s was a great time to be invested. Until it wasn't. Everyone was caught up in the potential of the dot com era and the internet revolution and they lost focus on risk management. The rest, of course, is history as that period was the top just before one of the worst bear markets in our history. After watching prices soar over the past several years, it's natural to ask that question all over again. Is AI creating another major bubble?
Here's what's actually happening: semiconductors have gone from roughly 4% of the S&P 500 fifteen years ago to somewhere between 17-20% of it today. That's not an industry having a moment—that's an industry large enough now to carry the entire index on its back. Earnings in the space are accelerating fast as a result of AI demand. And the market is repricing those earnings in real time, every single day.
That's the setup. What it means is the actual question. Is this a fundamentally different setup than the dot com run-up—one driven by real, accelerating earnings instead of a story? Or are we watching the same pattern with better financials attached?
Tom Bowley, Chief Market Strategist has spent his career reading the difference between what a chart is doing and what's actually happening inside the numbers behind it. On Saturday, June 27th, he's going to walk you through exactly how he's evaluating this moment and what specific signals would tell him this has crossed from "extraordinary growth" into "bubble."
Why Tom?
You've read enough market commentary to know it's mostly noise dressed up as conviction. What you're looking for is someone who can show you his work, not just tell you what to think.
Tom called the April 2025 bottom in real time, citing capitulatory volume and bearish sentiment. Tom alerted EB members he was rotating to growth as the rest of the market stayed frozen in fear. Semiconductors went on to double in the following nine months—and Tom was positioned before most investors believed the bottom was in.
Then, he called the correction at the top with the majority leaning the other way. At Market Vision 2026 held on January 3rd, with the S&P 500 near all-time highs, Tom flagged a Yahoo Finance survey showing every single Wall Street analyst predicting higher prices for the year. He called that unanimous bullishness a warning sign, not a reason for confidence. The market sold off sharply in Q1 2026, with major indices hitting 10%+ corrections. When the crowd is certain, Tom remains objective—which is exactly the instinct this AI bubble question requires.
And it's not a one-off skill. He warned of a "very rough start to 2022" on the last trading day of 2021, while the S&P 500 sat at an all-time high. The market peaked one trading day later and then fell 27%. He then called the bear market bottom live, on air, on June 16, 2022—to the day.
This is a documented pattern across multiple market cycles, not just lucky calls.
Tom has been contributing market analysis to StockCharts.com since 2006 and today leads an international community of thousands of self-directed investors at EarningsBeats. His research draws on more than a century of market history.
Join Our Free Livestream
On Saturday, June 27th at 10 AM ET, Tom Bowley, Chief Market Strategist at EarningsBeats, is hosting a free live session called Is This an AI Bubble?
This isn't a one-sided pitch to keep buying, and it isn't a doom call to get out. It's Tom applying his actual framework—live, in front of you—to the question every self-directed investor is asking privately.
If you're holding meaningful gains in AI and semiconductor names and wondering whether you're early or late, or if you've stayed in cash because this entire run feels too good to trust, you need to be in this session.
Don't let the action catch you by surprise.
Reserve your seat now.
The livestream is 100% free, but registration is required. Simply enter your email below and we'll send you a link before the event.
👉 Save your seat for Saturday, June 27th at 10 AM ET.
During this webinar, you'll learn:
How to read a bubble before it pops––the historical pattern across 100 years of S&P 500 data that shows what precedes a bubble, and how to use that perspective
Why the late-1990s rate of change is the real benchmark––and how today's 25-year rate of change actually compares beneath the headliens
What separated real growth from hype in 1999––a look at whether the dot-com leaders' earnings actually justified their valuations at the time
How today's AI-driven earnings growth stacks up against that same test––using the same valuation framework, applied to stocks that carry the market now
What "sustainable" actually means for a valuation––and the specific signs that tell you whether today's prices have room to keep growing into the earnings, or are already ahead of them
This "Is This an AI Bubble?" event is perfect for:
Aspiring Investors eager to
launch their financial journey.
If you’re just starting out, this event will show you why relying on headlines or waiting for mainstream commentary can leave you behind when action unfolds quietly beneath the surface.
Instead, you’ll learn how to identify the subtle technical and sentiment clues—like divergences, complacency readings, and key support levels—that often precede widespread stock market action. Tom Bowley will break it all down in clear, actionable terms so you can build confidence and a disciplined approach from day one.
Experienced Investors seeking
fresh insights and strategies.
If you’ve been investing for years, you already understand the importance of acting early before the action unfolds. This session will help you sharpen your edge by zeroing in on the hidden technical and sentiment markers that historically appear ahead of major market action.
With Tom Bowley’s data-driven, no-nonsense approach, you’ll learn how to spot early accumulation and position intelligently while others rely blindly on a fearful narrative.
Don't miss out!
Here's how to join the "Is This an AI Bubble?" event:
Sign Up
Secure your spot by completing the form on this page. Register now to avoid missing out on this exclusive event!
Tune In
On Saturday, June 27th, simply click the link sent to your inbox and immerse yourself in the wealth of expert knowledge and insights shared during the live webinar.
Be Confident
Use Tom Bowley's educational tips to make informed decisions aligned with your unique financial goals. Take control of your financial situation with expert guidance.
Don't just take our word for it.
Join the thousands of investors that are already benefitting
from Tom's market analysis.
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Meet The Experts
Tom Bowley, Chief Market Strategist
Tom practiced as a CPA in public accounting for 20 years, resulting in his fundamental understanding of the stock market that is unmatched by fellow market technicians. This background, in conjunction with his technical analysis prowess gained from his 40+ years of stock market research, is a powerful combination.
Today, Tom teaches an international EarningsBeats community of thousands how to effectively manage risk in trades and investments. A historian at heart, Tom relies on his market research spanning 100+ years in his teachings. In addition to his work at EarningsBeats, Tom writes for StockCharts.com which he has contributed to since 2006.
John Hopkins, President
John co-founded EarningsBeats in 2004 and has been active in the financial services industry for more than four decades. He's provided services to EarningsBeats.com members since 2004. John's passion is to provide the highest level of service possible to EarningsBeats members.
John has been active in technical analysis for 25+ years and his voice has been heard globally since founding Invested Central, serving as the host of "Market Open Live", a national radio broadcast that was featured in major cities around the U.S., while also authoring bi-weekly articles in the StockCharts.com ChartWatchers newsletter sent to investors around the world.