---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40205050.md"
description: "I feel that the US stock market is currently in a "fragile bull market," because the core contradiction of the market has changed. The market's focus on large-cap tech stocks has shifted from "who dares to spend" to "who is making money."The upcoming US earnings season next week can absolutely be called the "verification moment for AI investment returns."Apple, Microsoft, Google, Amazon, Meta—these five MAG7 giants, along with the memory chip giant SanDisk, are all about to release their earnings. It's precisely the moment to verify how much return the previous AI investments have brought.This return isn't necessarily profit; it could also be market share, or something else. But investors definitely want to see a return.The stock price fluctuations after the earnings release next week will precisely illustrate this. True gold fears no fire, and the answer will be revealed then."
datetime: "2026-04-26T16:40:41.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40205050.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40205050.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40205050.md)
author: "[阿修AX](https://longbridge.com/en/profiles/12691394.md)"
---

# I feel that the US stock market is currently in a …


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