Dalio: The "AI bubble" is very similar to the internet bubble, and the current situation is very much like 1998 or 1999
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Ray Dalio warns that the investor enthusiasm driven by AI has created a "bubble" in the U.S. stock market, similar to the internet bubble of 1998 or 1999. He points out that the current market is overvalued, with interest rate risks that could lead to a bubble burst. Tech stocks surged in the 90s due to low interest rates and the proliferation of the internet, but valuations significantly corrected after the Federal Reserve tightened its policies. Dalio emphasizes that national support for AI development is inevitable, and companies focused on profitability may be at a disadvantage in the competition
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