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AI Bubble Radar — January 5, 2026 — Ray Dalio flags “early bubble” risk in AI-fueled rally — what we’re watching next

Ray Dalio says the AI-driven surge in tech looks like it’s entering the “early stages of a bubble.” After a strong 2025 for U.S. indexes, he points to better relative performance in non-U.S. assets and gold—and warns easier policy could inflate bubbles further.

Ray Dalio is throwing a little cold water on the AI party.

In a post on X, the Bridgewater founder said the AI boom that’s powered big tech and “AI-linked” stocks looks like it’s moving into the early stages of a bubble. (Reuters)

That’s not a call for an immediate crash. It’s more of a “watch your step” warning—especially after U.S. equities notched another strong year in 2025, extending a multi-year run that reminded a lot of people of the late-2010s/early-2020s surge. (Reuters)

Dalio’s bigger point: relative performance matters. He noted that in 2025, U.S. stocks lagged other places to be invested—particularly non-U.S. equities and gold, with gold posting a massive year. (Reuters)

Zooming out, the market has already been wobbling on and off around the same theme:

  • “Are we overpaying for AI growth?”
  • “How much of this is real adoption vs. capex-fueled hype?”
  • “What happens if rates don’t fall as much as people expect?” (Reuters)

Dalio also flagged the policy angle: if the Fed’s leadership and the FOMC lean toward lower rates, that can support prices—but it can also inflate bubbles if risk appetite runs hot. (Reuters)

What we’re doing at EverHint: this fits perfectly into our AI Bubble Radar coverage. We’ll keep monitoring AI-related news and sentiment across the ecosystem—platform players and builders (Google, Meta, xAI, OpenAI, etc.), plus the “picks-and-shovels” hardware names (Nvidia, Broadcom, AMD, Intel, and friends). When the narrative shifts, we want it documented—cleanly, without hype.

Stay tuned.

Not financial advice. Do your own research.