Ray Dalio, founder of Bridgewater Associates, warned on The Diary of a CEO show about the obvious signs of a bubble in the current equity market, driven by artificial intelligence. According to his proprietary indicators, valuations are reaching levels comparable to those seen just before the 1929 and 2000 crashes. He shares investor Jeremy Grantham’s analysis, stating this could be the biggest investment bubble in American financial history. Dalio emphasized that the reality of AI technology, which he recognizes as revolutionary, does not automatically justify current price levels. SpaceX recently completed the largest IPO in history, while OpenAI and Anthropic are targeting valuations in the trillions of dollars.
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