Ray Dalio, Bubble Fears, & Nvidia’s Beat 11/20/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 20 November 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bridgewater founder Ray Dalio addresses investor concerns about economic bubbles, both in AI and in the broader markets. Part interview, part historical markets lesson, Dalio shares his perspective on the biggest risks to the American economy and on a well-balanced portfolio in this environment. Plus, Nvidia beat Wall Street expectations for its third quarter, buoying the stock and the major averages. CNBC’s Kristina Partsinevelos breaks down the report and CEO Jensen Huang’s comments to investors, and CNBC’s Emily Wilkins reports on the Trump administration’s plans for AI regulation. Kristina Partsinevelos - 2:24 Emily Wilkins - 12:05 Ray Dalio - 16:39 In this episode: Kristina Partsinevelos, @KristinaParts Emily Wilkins, @emrwilkins Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod, and I'm C&C producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	NVIDIA has reported its third quarter results.
0:14.0	The biggest report of earnings season, it did not disappoint.
0:17.0	Blowing out expectations, calming investor jitters, and boosting the broader markets.
0:23.6	It's a very big deal for Nvidia. It means big deal not just for Nvidia, but also for the major averages.
0:29.6	Then one big interview with Ray Dalio.
0:32.6	Bubbles don't happen because of good estimates of what in the future.
0:38.0	It happens because of the need for cash.
0:40.5	The famed hedge fund manager on AI hype and economic bubbles.
0:44.8	We are in that bubble territory, but we don't have the pricking of the bubble yet.
0:51.1	A markets lesson from the legendary financier, plus the red flags that he looks for in our economy.
0:58.2	If you're looking at the private equity markets, they have a bunch of problems. It's Thursday,
1:04.3	November 20th, and SquawkPod begins right now. Stand Becky by in three, two, one,
1:10.8	cue a please. Good morning, one. Cuea, please.
1:12.9	Good morning, everybody.
1:14.4	Welcome to Squawk Box right here on CNBC.
1:17.0	We are live from the NASDAQ market site in Times Square.
1:20.1	I'm Becky Quick along with Andrew Ross Sorkin.
1:22.6	Joe is out today.
1:24.0	The biggest report of earnings season, it did not disappoint.
	...

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