Billionaire Ray Dalio Just Warned of an AI Bubble, but His Top Stock Holdings Are in These 6 AI Names
While Dalio warned of an artificial intelligence (AI) bubble, he was busy buying AI stocks in Q1.
Billionaire Ray Dalio Just Warned of an AI Bubble, but His Top Stock Holdings Are in These 6 AI Names
Overview
Billionaire investor Ray Dalio of Bridgewater Associates runs the largest hedge fund in the world, so when he recently warned that an artificial intelligence (AI) bubble was forming, it was newsworthy. In an interview on Bloomberg Television, Dalio said that all great technological changes create bubbles and that AI was showing the typical signs of this pattern.
Dalio added that right now, companies are being forced to choose between overspending and the risk of losing out by investing too little. While the investment manager thinks AI may transform the world we live in, he noted that this doesn't mean investing in companies involved in the technology will prove worthwhile, as stocks can get ahead of themselves and become expensive.
Details
Despite his warning, Dalio's Bridgewater fund was heavily weighted toward AI stocks at the end of Q1, with his top six stock holdings all big players in the sector. Let's take a look at Dalio's top stock holdings.
Source
Originally published at www.fool.com.
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