Billionaire Ray Dalio buys AI stocks like Alphabet, Nvidia, Microsoft, and Amazon

From Nasdaq: 2024-06-03 06:00:00

Ray Dalio’s hedge fund Bridgewater Associates, with nearly $175 billion in assets, made big buys in Q1 in companies related to artificial intelligence (AI) like Alphabet, Nvidia, Meta Platforms, Microsoft, and Amazon. These stocks have seen strong performance in 2024, but their current value and potential for long-term growth are still up for debate. As billionaires like Dalio make AI investments, it’s a good signal for all investors to consider these tech giants for their portfolios. While some, like Alphabet, remain attractively priced, others like Nvidia and Microsoft may be more expensive but offer potential for long-term growth. Amazon, with its cloud computing division, is also a strong contender in the AI field despite most of its revenue coming from its commerce-related business. Overall, while following in billionaire footsteps can be valuable, investors should also do their own due diligence and analysis before making decisions.



Read more at Nasdaq: Billionaire Ray Dalio Just Bought These 5 Artificial Intelligence (AI) Stocks