Ray Dalio warns of an AI bubble as Michael Burry bets against Nvidia and Palantir
Ray Dalio warned at the Forbes Global CEO Conference in Singapore in October that the AI boom resembles a classic bubble nearing a dangerous turning point, citing heavy borrowing for AI infrastructure and rising interest rates as risks to sustainability. He pointed to CoreWeave as an example and noted that paper wealth does not always mean cash on hand. Michael Burry, in an October 11 Substack…
Key points
- Dalio warned the AI boom resembles a classic bubble nearing a dangerous stage due to debt-fueled infrastructure spending
- Burry shifted his bearish bets from Nvidia and Palantir to puts on the Nasdaq-100 and VanEck Semiconductor ETF (SMH)
- Nvidia's CFO said the cloud industry backlog is over $2 trillion, with hyperscalers set to spend $800B in 2026 and $1.3T in 2027
The story so far
2 episodes →- Ray Dalio warns of an AI bubble as Michael Burry bets against Nvidia and Palantirthis story
Ray Dalio Is Warning of an AI Bubble. Michael Burry’s Bets Against Nvidia and Palantir Add to the Debate.
finance.yahoo.com · 4 November 2026
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