As talk of an AI-fueled bubble continues, Bridgewater Associates founder Ray Dalio broke down how he would play the market if he were still running the asset management firm. Speaking to CNBC on Monday, Dalio said that he would play the AI game but bet more on companies using the technology rather than hyperscalers: the mega-cap firms such as Amazon , Microsoft , Google and Meta , though Dalio didn't name names. "The greatest impact is going to come from the users," he told Dan Murphy on CNBC's "Access Middle East." "So those who have the platforms for enabling or those who actually use it to change their cost and their effectiveness will be the real beneficiaries," he said, adding that such names aren't as expensive. As well as high valuations, AI market concentration has raised eyebrows.

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