--- title: "Billionaire Ray Dalio says today's artificial intelligence (AI) market echoes 1929 and 2000. History says investors should watch valuations closely" type: "News" locale: "en" url: "https://longbridge.com/en/news/296141586.md" description: "Ray Dalio warns that the current exuberance propelling the stock market is unsustainable." datetime: "2026-08-17T20:12:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296141586.md) - [en](https://longbridge.com/en/news/296141586.md) - [zh-HK](https://longbridge.com/zh-HK/news/296141586.md) generator: "portal-rs" --- # Billionaire Ray Dalio says today's artificial intelligence (AI) market echoes 1929 and 2000. History says investors should watch valuations closely Ray Dalio warns that the current exuberance propelling the stock market is unsustainable. ### Related Stocks - [JEPQ.US](https://longbridge.com/en/quote/JEPQ.US.md) - [NAPR.US](https://longbridge.com/en/quote/NAPR.US.md) - [NJAN.US](https://longbridge.com/en/quote/NJAN.US.md) - [NOCT.US](https://longbridge.com/en/quote/NOCT.US.md) - [NUSI.US](https://longbridge.com/en/quote/NUSI.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QQQP.US](https://longbridge.com/en/quote/QQQP.US.md) - [QQQW.US](https://longbridge.com/en/quote/QQQW.US.md) - [MQQQ.US](https://longbridge.com/en/quote/MQQQ.US.md) - [QQA.US](https://longbridge.com/en/quote/QQA.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQQX.US](https://longbridge.com/en/quote/QQQX.US.md) - [QQQY.US](https://longbridge.com/en/quote/QQQY.US.md) - [QYLD.US](https://longbridge.com/en/quote/QYLD.US.md) - [QYLE.US](https://longbridge.com/en/quote/QYLE.US.md) - [513100.CN](https://longbridge.com/en/quote/513100.CN.md) - [513110.CN](https://longbridge.com/en/quote/513110.CN.md) - [513300.CN](https://longbridge.com/en/quote/513300.CN.md) - [513390.CN](https://longbridge.com/en/quote/513390.CN.md) - [513870.CN](https://longbridge.com/en/quote/513870.CN.md) - [159501.CN](https://longbridge.com/en/quote/159501.CN.md) - [159513.CN](https://longbridge.com/en/quote/159513.CN.md) - [159632.CN](https://longbridge.com/en/quote/159632.CN.md) - [159659.CN](https://longbridge.com/en/quote/159659.CN.md) - [159660.CN](https://longbridge.com/en/quote/159660.CN.md) - [159696.CN](https://longbridge.com/en/quote/159696.CN.md) - [159941.CN](https://longbridge.com/en/quote/159941.CN.md) - [161130.CN](https://longbridge.com/en/quote/161130.CN.md) - [QQQI.US](https://longbridge.com/en/quote/QQQI.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPDN.US](https://longbridge.com/en/quote/SPDN.US.md) - [SPUU.US](https://longbridge.com/en/quote/SPUU.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SPYU.US](https://longbridge.com/en/quote/SPYU.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SPYQ.US](https://longbridge.com/en/quote/SPYQ.US.md) - [SPYB.US](https://longbridge.com/en/quote/SPYB.US.md) - [SPYM.US](https://longbridge.com/en/quote/SPYM.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [DJD.US](https://longbridge.com/en/quote/DJD.US.md) - [DJIA.US](https://longbridge.com/en/quote/DJIA.US.md) - [EDOW.US](https://longbridge.com/en/quote/EDOW.US.md) - [513400.CN](https://longbridge.com/en/quote/513400.CN.md) ## Related News & Research - [Investors focus on rate path, AI slowdown after Fed hike](https://longbridge.com/en/news/299581717.md) - [BayernInvest sees AI-led earnings boom supporting equities, flags near-term consolidation risk](https://longbridge.com/en/news/299410305.md) - [Exec tells investors to embrace AI: 'This thing is happening'](https://longbridge.com/en/news/298964114.md) - [Why American stocks keep daring the Fed to prove it is serious on inflation](https://longbridge.com/en/news/299524427.md) - [Wall Street’s Biggest Bull Cuts His S&P 500 Target: The Problem Isn’t Corporate Profits](https://longbridge.com/en/news/299322359.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**