Ray Dalio sees the ‘classic signs’ of a bubble with AI, says the stock market looks like the run-up to 1929 or 2000

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Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTChase KellWed, August 5, 2026 at 8:45 PM GMT+2 6 min readDia Dipasupil/Getty ImagesFor the last several months, Ray Dalio hasn't been shy with sharing his concerns about a potential AI bubble, and he doesn't seem to be softening his stance.During a recent appearance on Steven Bartlett's The Diary of a CEO podcast, Dalio, the founder of investment management firm Bridgewater Associates, said he believes enthusiasm around AI has pushed markets into a bubble territory that looks a lot like the run-ups to the historic market crashes of 1929 and 2000.Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake.