""There is definitely a bubble in markets," Dalio said, adding that while the situation doesn't perfectly match 1929 or 1999, the indicators he tracks show the U.S. is closing in fast. "The picture is pretty clear," he said. "But we don't have the pricking of the bubble yet." And, crucially: "A lot can go up before the bubble bursts.""
""The chipmaker announced a staggering $57 billion in revenue in the third quarter, up 22% from the prior quarter and 62% from a year earlier, and reaffirmed it has roughly $500 billion in AI-chip demand already lined up for the rest of 2025 and 2026. Data center revenue alone hit $51.2 billion, up 25% sequentially and 66% year-over-year, powered by \"off the charts\" demand for its new Blackwell GPUs. On top of that, Nvidia issued guidance of $65 billion in revenue next quarter, plus or minus 2%, signaling that its AI spend is nowhere near rolling over.""
Stocks opened with a strong rally but the S&P 500 swung from a nearly 2% gain to a slight midday selloff as megacap AI shares reversed. Mixed economic data, a canceled jobs report and uncertainty about Federal Reserve policy weighed on sentiment. Ray Dalio warned that market indicators point toward a developing bubble while noting it has not yet been pricked. Nvidia reported $57 billion in third-quarter revenue, huge data-center demand, roughly $500 billion of AI-chip demand lined up and guidance near $65 billion for the next quarter. CEO Jensen Huang dismissed bubble concerns.
Read at Fortune
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