Irrational Exuberance 2.0 Has Arrived on Wall Street

Despite a pullback in March, it's been all systems go for the stock market in 2026. When the closing bell tolled on May 27, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), widely followed S 500 (SNPINDEX: ^GSPC), and technology-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) all hit record highs.

The evolution of artificial intelligence (AI) is at the heart of this historic rally. Empowering software and systems with the capacity to make autonomous, split-second decisions is a technology that PwC analysts believe can add $15.7 trillion to the global economy by 2030.

But the question has to be posed: Have we come too far, too fast?

Source Fool.com