Dalio warns: AI "bubble" reminiscent of the dot-com bubble crisis

Billionaire investor Dalio has warned that investor enthusiasm for artificial intelligence has spawned a "bubble" in the U.S. stock market, similar to what happened before the dot-com bubble burst at the turn of the century. Dalio said that the current U.S. stock market is "priced very high, while there is also interest rate risk, and this combination may burst the bubble." As the founder of the hedge fund Bridgewater Associates and one of the most well-known figures on Wall Street, Dalio's warning comes at a time when people are worried about whether the prosperity of American AI stocks has gone too far. Investors are also concerned about the rising cost of borrowing, a concern that has become more acute since December last year when Federal Reserve officials lowered their expectations for interest rate cuts this year. Dalio said, "The position we are in now is very similar to the situation in 1998 or 1999." He added, "In other words, there is a new major technology that will undoubtedly change the world and succeed. But some people confuse this with investment success." (Golden Ten)