NVIDIA Corporation (NVDA) is a top growth stock according to Ray Dalio

From Yahoo Finance: 2024-06-28 18:26:48

Looking at the 10 Best Growth Stocks To Buy Now According To Billionaire Ray Dalio, we focus on NVIDIA Corporation (NASDAQ:NVDA). Bridgewater Associates, Dalio’s firm, has a portfolio worth $19.7 billion as of Q1 2024. NVIDIA Corporation (NASDAQ:NVDA) leads in revenue growth at 125.85%, making it a top pick for Dalio and his team.

NVIDIA Corporation (NASDAQ:NVDA) owns a competitive edge with its AI GPUs, driven by the CUDA platform. Although its products are costly, NVIDIA has close relationships with top customers. However, some large customers are designing their own AI chips, challenging NVIDIA’s market dominance. Yet, the firm remains at the forefront due to product innovation and performance.

Baron Funds, a major investor in NVIDIA Corporation (NASDAQ:NVDA), recognizes the firm’s leadership in the adoption S-curve for AI. However, challenges remain in data preparation, model adaptation, and embedding AI in workflows. Despite this, NVIDIA’s overall positioning in the market remains strong, making it a top growth stock to watch.



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