Ray Dalio says AI is in ‘the early stages of a bubble,’ so watch out for 2026

The artificial intelligence boom is no longer just a growth story, as one of Wall Street’s most prolific investors is sounding the alarm about how the tune could shift in 2026.

U.S. stocks surged last year, with the S&P 500 rising 16%, the third consecutive year of significant gains. Soaring technology stocks fueled much of that rise, powered by ongoing optimism about the future of AI. But this year, investors should brace for the possibility outperforming shares will collide with reality...