Key Points
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Billionaire investor Ray Dalio, founder of Bridgewater Associates, warns of a potential artificial intelligence (AI) bubble during a Bloomberg Television interview, citing typical signs of overvaluation.
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Despite his concerns, Dalio’s fund is heavily invested in AI infrastructure, notably increasing stakes in Amazon, Alphabet, and Microsoft by up to 50% in Q1 2023, and expects these companies to collectively spend $580 billion this year on capital expenditures aimed at enhancing AI capabilities.
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Dalio also holds significant positions in Nvidia, Broadcom, and Micron, benefiting from the surging demand for AI technologies and related hardware.
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