Bongino’s report, which showed a $200 million bubble in the stock market, has the potential to be the first financial report on the topic to be released by the U.S. Securities and Exchange Commission since the financial crisis.
Bonginos analysis showed that Apple stock was up over 8% this year.
Bongino, the director of technology analysis for the financial services firm McKinsey & Co., said the report could be the catalyst for regulators to begin to take stock of bubbles.
“What the SEC needs to do now is look at these bubbles and look at how they got to the stage that they are,” he said.
“I think this is going to be a catalyst for all of us in the industry to come together and say, ‘Okay, we have to take a close look at this.'”
Bonginos report found that Apple is the only company that had a 10% gain or gain of its market cap between 2009 and 2014.
That’s the highest gain since the end of the Great Recession, and the biggest gain in the history of the S&P 500.
Apple was the most valuable company on the market last year, worth $1.9 trillion, according to Forbes.
Apple is not the only tech company that has seen a rise in its market value.
Amazon.com stock was worth $6.7 billion in September, while Facebook stock was valued at $2.7 trillion.
“I think we’re going to see a lot of these bubbles,” Bonginas said.
The SEC will release its report on Wednesday.