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Many investors are wondering whether the market is getting ahead of itself, especially when it comes to artificial intelligence and technology stocks.

But perhaps the better question is not, “Are we in a bubble?” The better question may be, “How should we respond if we are?”

That was the focus of today’s conversation with Mark Biller, Executive Editor and Senior Portfolio Manager at Sound Mind Investing. With AI continuing to drive market enthusiasm, many investors are feeling both excitement and concern. The challenge is learning how to respond with wisdom rather than fear.

The AI story has been driving markets for several years. One clear example is the tech-heavy Nasdaq, which has risen sharply since the end of the 2022 bear market. More recently, many companies have reported rapid profit growth and have credited AI as a key factor.

That has encouraged investors because it shows AI is not merely hype. Companies across many industries are beginning to see real benefits from AI tools, including improved efficiency and increased profitability.

At the same time, the demand for AI computing power has caused certain sectors—especially semiconductor stocks—to soar. When any part of the market begins rising almost straight up, investors naturally become nervous. It brings to mind previous market manias that ended in painful declines.

Calling a bubble in real time is extremely difficult. Even when someone identifies one correctly, acting on that information too early can be costly.

Mark pointed to the late 1990s internet bubble as an example. Many investors suspected that Internet stocks were overheated long before the bubble actually burst. Federal Reserve Chairman Alan Greenspan famously warned about “irrational exuberance,” but that warning came more than three years before the market peak. Investors who sold immediately missed significant gains before the downturn finally arrived.

That illustrates an important point: even if a bubble is forming, that does not tell investors exactly what to do or when to do it.

Markets are forward-looking. Investors are pricing companies not only on current earnings but also on what they believe those companies may earn in the future. If expectations rise dramatically, stock prices often rise with them.

So it is possible that some parts of the market, such as semiconductor stocks, may be showing bubble-like characteristics while the broader market does not look as overheated. But the practical question remains: how should investors respond?

Most investors would love to avoid downturns without missing the upside. But in practice, that kind of market timing is extremely difficult.

Investors often make one of two mistakes. Some sell too early and miss major gains. Others wait too long and sell only after stocks have already fallen, and fear has taken over.

That is why a disciplined plan matters. Instead of trying to predict the exact top of the market, wise investors focus on staying invested while managing risk thoughtfully.

Historically, some of the market’s strongest gains occur late in bull markets. That does not mean investors should ignore risk, but it does mean that fear-based decisions can be costly.

One of the most practical ways to manage risk is through diversification.

A well-balanced portfolio helps reduce the risk of becoming overly exposed to a single hot sector. Mark offered a helpful way to think abo

Be steadfast and immovable, always abounding in the work of the Lord. That was an exhortation from the Apostle Paul in First Corinthians. We DO the work of the Lord, and we’re to BE steadfast and immovable. When the winds of change blow through our culture, we’re to be solid as a rock. And today on A NEW BEGINNING, Pastor Greg Laurie points out how to do that as we consider a man who showed us how NOT to do that. We’re considering an epic failure in the Old Testament.

The Harvest Crusade is coming to Angel Stadium on July 11! Stay updated on all important event details. 

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Explore more resources from Pastor Greg Laurie, including daily devotionals and blogs, designed to answer your spiritual questions and equip you to walk closely with Christ.

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Could your father wound affect your marriage? Maybe it surfaces in struggling with trust, low self-esteem, or difficulty forming healthy boundaries. Kia Stephens helps you learn how to heal, using practical tools to overcome insecurities and find wholeness with God.

Show Notes and Resources

• Host a high-impact church event without starting from scratch by using code STRONGFAMILIES between June 16–30 to get a FREE video-based study and planning support when you buy 10+ workbooks go to shop.familylife.com
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Financial expert Matt Bell shares biblical principles and practical tools for managing your money in a way that builds trust, peace, and purpose. From budgeting to car payments to long-term investments, you’ll discover how to make financial decisions that strengthen your faith and your marriage.

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You’ve probably heard someone tell you that Jesus has a plan for your life. Well did you know that Satan has a plan for your life, too? That’s right. Chip shares how to protect yourself from his diabolical plan, and keep from falling prey to his schemes.

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• BOOK - "The Screwtape Letters" by C.S. Lewis

When my wife and I would drive somewhere, we didn’t lose any time when she drove. In fact, we set some records. Once we were on a trip and I was preparing for the meetings we were going to, she was driving down this four-lane, divided highway. I was looking down. All of a sudden, I looked up and I saw orange plastic cones on the middle line that divides the two lanes on our side. And as I looked, every vehicle but one was moving into the left lane, to the left of the cones. You notice I said everyone but one. Yeah, that was us. My wife continued in the right lane, and I said, “Honey, what are you doing? Looks like this lane is closing.” She said, “Just watch.” Well, we passed a line of cars on our left, with a big truck at the head of it. See, that truck had moved into the left lane, and all the other cars said, “Oh, that must be the lane to be in.” The problem was that the truck that they were following was taking equipment to a big tar truck parked in the left lane, so we waved as we zipped by all those cars as they were heading for an unpleasant surprise.

I'm Ron Hutchcraft, and I want to have A Word With You today about “Wrong About God.”

Now, our word for today from the Word of God. We're in Proverbs 14:12. It’s short, but it’s hard-hitting. “There is a way that seems right to a man, but in the end, it leads to death.” The Bible's pretty clear here. A lot of people are on a road that looks good, but it’s going nowhere. Jesus talked about that in Matthew 7:13-14, when He said, “Enter through the narrow gate, for wide is the gate and broad is the road that leads to destruction, and many enter through it; but small is the gate and narrow is the road that leads to life, and only a few find it.”

See, a lot of people are wrong about the one thing you can’t afford to be wrong about—God, and how to get to Him. If you’re wrong about God, it’s fatal forever. Maybe you’re someone who might be on a sincere road that seems very right, but that ends far away from God forever instead of with Him forever.

Only God can tell us how to get to Him, and He does in John 14:6. Jesus said, “I am the way, the truth and the life. No man comes to the Father except through Me.” In 1 John 5:11-12 it says, “There is life in God’s Son, and he that has the Son has life. He that does not have the Son of God does not have life.”

So, question: Do you have the Son of God in your heart? This bothers a lot of people that Jesus is the only way. You say, “Well, I believe in tolerance. As long as we’re sincere.” Well, if you’re trapped in a burning building, and a firefighter risks his life to bring you out, I don’t think you say, “Hey, wait, there’s only one way out of here? Are you kidding?” No, you grab that rescuer and you say, “Thank God there's a way.”

Well, thank God there is one way. There wasn’t any way until one Savior came and paid the price for our sin. Sin has a death penalty. The Bible says, “The wages of sin is death.” Someone's got to die for my sin to be paid for. No good works, no matter what faith they’re from, can pay that death penalty. Romans 5:8 says, “God proved His love for us, in that while we were still sinners, Christ died for us.”

If you haven’t pinned all your hopes on Jesus to be your Rescuer, you’re still on the road that leads to death. That’s why everything, now and forever, depends on what you do with God’s Son, Jesus. This could be the day when you make this Jesus your Rescuer from your sin if you would just tell Him, “Jesus, I get it. You died on that cross for me. I’m Yours.”

Would you please go to our website and just find there the information you need to get this relationship with Jesus going? It’s ANewStory.com.

Only one lane gets you to God. Only one lane gets you to heaven. It’s the road that goes by the cross where Jesus died to pay fo