Ray Dalio Sounds the AI Bubble Alarm | Open Interest 6/3/2026

SpaceX charges toward a blockbuster IPO at $135 a share, while Ray Dalio warns the AI boom is showing classic bubble behavior. Private equity jitters grow as Partners Group caps fund withdrawals. We get insight from Ares Management co-founder and CEO Michael Arougheti  who says the private credit market remains strong. Citizens CEO Bruce Van Saun joins "Bloomberg Open Interest" on AI’s banking revolution, and we explore why private equity is making a massive bet on tennis.

Get a jump start on the US trading day with Matt Miller and Dani Burger on Bloomberg Open Interest.

Chapters:
00:00:00 – Open Interest
00:00:22 – Market Check
00:01:31 – Marvell Stock Surge
00:03:40 – SpaceX Seeks $135 Per Share
00:06:51 – Macy’s Top Estimates, Lifts Forecast
00:08:55 – Partner Group CEO on Private Credit
00:15:03 – Citizens Financial Group CEO Bruce Van Saun
00:22:27 – Former SEC Chairman Clayton
00:25:58 – Palo Alto Networks Raises Outlook
00:28:52 – Alphabet Upsizes Equity Raise to $84.75B
00:35:16 – SambaNova CEO on Intel, Nvidia
00:39:54 – Trump Rebuilds Tariff Wall
00:43:50 – US, Iran Exchange Strikes
00:48:40 – US April Factory Orders Rise
00:55:02 – Market Check
01:01:50 – ATP Chairman and EQT CEO on Partnership
01:11:57 – Bridgewaters’ Ray Dalio
01:20:47 – Ray Dalio on Cost of Living
01:23:16 – Ray Dalio on AI Bubble
01:27:33 – Ares Management CEO, Co-Founder Michael Arougheti
01:31:46 – Private Credit Markets Not Broken: Arougheti
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