Zacks Investment Research strategist Kevin Matras argues the S&P 500 could surge 30% in 2026, driven by an AI boom he compares to the 1995–1999 dot-com era. He notes the index has already risen 9.55% year-to-date through July 17, with small-cap and mid-cap indexes up 21.9% and 16.6% respectively. Matras points to soaring earnings, with Q1 2026 EPS growth at 25.5% and Q2 forecast at 22.3%, and a productivity boom where nonfarm business productivity rose at a 2.8% annual rate in Q4 2025. He also highlights comments from AMD CEO Lisa Su calling AI demand insatiable and predicting the AI data center market could reach $1 trillion by 2030, and from legendary trader Paul Tudor Jones who said the AI bull market has another year or two to run.
Advanced Micro Devices IncAMD CEO Lisa Su cited saying AI demand is insatiable and AI data center market could reach $1 trillion by 2030.
NVIDIA CorporationArticle discusses AI boom driving market gains, with NVIDIA as a key beneficiary of AI demand.