<p>The market is on an absolute tear right now, and it’s raising some serious questions. Lucky for you, Mike and Emmet want to upack them all.</p><p>Despite the crazy macroeconomic conditions, the market keeps performing. The Nasdaq Composite is up roughly 38% in the last year. And when you zoom in on individual stocks, things get even crazier.</p><p>SanDisk (SNDK) is up 63% in a month, 450% in six months, and an eye-watering 3,800% over the last 12 months. Micron (MU) has jumped 86% in a month and nearly 8x in a year, while Western Digital (WDC) is up around 1,000% over the same period. Even lesser-known names like AXT (AXTI) are suddenly flying, up roughly 700% year-to-date.</p><p>In fact, the top 10 stocks over the past 12 months have outperformed the top performers in the 12 month run-up to the dot-com bubble – a stat that’s hard to ignore.</p><p>So… are we in an AI bubble?</p><p>Skeptics like Michael Burry argue this rally looks even more extreme than 1999. And to be fair, many of the classic bubble ingredients are there: stretched valuations, momentum chasing, and heavy concentration in a single theme.</p><p>But there’s a strong counterargument too.</p><p>We’ve just come through a blockbuster earnings season, with the median earnings surprise hitting 6% – the best since 2022. AI demand isn’t just hype; companies are struggling to keep up. Hyperscalers like Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOGL) are pouring hundreds of billions into infrastructure, signaling that this could be a real productivity revolution.Still, that level of spending raises some eyebrows.</p><p>And while AI stocks dominate headlines, there’s another side to this market.</p><p>Plenty of high-quality businesses are being left behind, with money rotating aggressively into AI. Stocks like McDonald&#39;s (MCD), Home Depot (HD), Mercado Libre (MELI), Lululemon (LULU), and Accenture (ACN) are sitting near 52-week lows – along with a host of medical leaders like Abbott Laboratories (ABT), Medtronic (MDT), and Intuitive Surgical (ISRG). These are durable, proven businesses – but right now, if you’re not AI, you’re being ignored. So five years from now, would you rather own today’s high-flying AI names or these overlooked compounders trading at a discount?</p><p>And finally, we dive into one of the wildest stories in the market right now: GameStop (GME) reportedly exploring a deal to acquire eBay (EBAY). GameStop is worth about $12 billion and to pull off the deal it could end up needing as much as $65 billion. Meaning, it would likely need to issue a massive amount of new shares and take on tens of billions in debt, raising serious questions about dilution and feasibility.</p><p>We wrap with Follow Prophet.</p><p><strong>Prophet, MyWallSt&#39;s latest investing service, is focused on delivering market-beating in less than 5 minutes a month.</strong></p><p>Click <a href="https://www.useprophet.com/mws7">here</a> to join now or email <a href="mailto:[email protected]">[email protected]</a> for a deal.</p><p>Psssst…. We don’t think you’ll want to miss this year’s Investicon. Grab your early bird tickets now: <a href="https://www.investicon.ie/">https://www.investicon.ie/</a></p><p>Become a successful investor by checking out all the content MyWallSt has to offer:</p><p>📩 Email us: <a href="mailto:[email protected]">[email protected]</a></p><p>📚 Learn the fundamentals of investing by downloading our free Learn app: <a href="https://bit.ly/3DXPOz7">https://bit.ly/3DXPOz7</a></p><p>💻 Keep updated on stock market news by visiting our blog: <a href="https://mywallst.com/blog/">https://mywallst.com/blog/</a></p><p>🎧 Tune in to our podcast Stock Club to stay updated on weekly news: <a href="https://mywallst.com/stock-investment-podcast/">https://mywallst.com/stock-investment-podcast/</a></p><p>🎉 Follow MyWallSt on social:</p><p>❌ X: @MyWallStHQ</p><p>💃 TikTok: @MyWallSt</p><p>📸 Instagram: @MyWallSt</p><p>🖥️ Facebook: @MyWallSt</p><p>👔 LinkedIn: MyWallSt</p><p>00:00 Intro02:22 Nasdaq Surge Bubble Talk05:18 Semiconductor Mania Stats16:21 C3 AI as Bubble Counterpoint21:43 Undervalued Stocks and Market Rotation24:38 GameStop Bids for eBay35:47 Following Prophet</p>