From Nasdaq: 2024-11-20 05:06:00

Institutional investors with over $100 million in assets filed Form 13F last week, revealing their latest trades. Billionaire Ray Dalio of Bridgewater Associates sold 27% of Nvidia shares but quadrupled his stake in Broadcom, a leading AI-networking stock. He also increased his position in Super Micro, despite accounting concerns.

While Dalio reduced Nvidia holdings, he significantly increased stakes in Broadcom and Super Micro, two other AI stock-split stocks. Bridgewater now holds 291% more Broadcom shares and 921% more Super Micro shares. Broadcom, a wireless chip provider, offers AI networking solutions and diversified revenue sources, while Super Micro integrates Nvidia GPUs into its servers.

Dalio’s Bridgewater Associates made notable moves in the AI stock market last quarter. The fund sold a large portion of Nvidia shares but increased stakes in Broadcom and Super Micro, two other AI stock-split stocks. These strategic investments reflect Dalio’s confidence in the growth potential of these companies in the AI sector.



Read more at Nasdaq: Billionaire Ray Dalio Sold 27% of Bridgewater’s Stake in Nvidia and Is Piling Into 2 Artificial Intelligence (AI) Stock-Split Stocks