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Billionaire Ray Dalio is Selling These Tech Stocks in 2024

When billionaire Ray Dalio left his empire Bridgewater Associates in 2022, the inflation storm and economic uncertainties were pummeling the financial markets. While the fund had started 2022 on a positive note, its returns came crashing down it the last quarter of the year. According to a Bloomberg report, The Pure Alpha fund of Bridgewater fell about 13% in Q4’2022 through November. Bridgewater’s Pure Alpha II fund also fell a whopping 20% in the two months through the end of November 2022. Over the past four years, Bridgewater’s Pure Alpha fund declined by 4%. In 2023, the Pure Alpha fund fell 7.6%, while the hedge fund industry’s average return in 2023 through November was 4.35%, with many top hedge funds in the league of Bridgewater (Ken Griffin’s Citadel, for example) posting double-digit returns.

Billionaire Ray Dalio’s Bridgewater 2024 Returns So Far

But what about Ray Dalio’s Bridgewater returns in 2024? Ray Dalio gave reins of the fund to a younger management, who had plans to turn things around by cutting costs and restructuring. So far the strategy seems to be working. In April, Bloomberg reported that Bridgewater’s flagship Pure Alpha fund has rebounded a whopping 16% this year.

Dalio’s All Weather Strategy is Under The Weather

Bridgewater’s All Weather investing strategy developed by Ray Dalio seems to be facing problems in the current market environment, latest reports show.

But what is this All Weather strategy? Bridgewater explains:

 “I developed a modus operandi to expect surprises. I learned not to let my experiences dominate my thinking; I could go beyond my experiences to see how the machine works.” Ray realized he could understand the economic machine by breaking down economies and markets into their component pieces, and studying the relationships of these pieces through time. This type of thinking is central to All Weather.”

But data shows that risk parity funds have trailed traditional 60/40 portfolios since 2019. A Bloomberg report said that pension funds are pulling billions from risk parity funds. One of the biggest reasons why risk parity funds saw losses is rising interest rates. When the Fed started increasing rates, volatility surged past these risk parity funds’ acceptable levels and bonds fell to unforeseen levels.

In this backdrop, we decided to take a look at some technology stocks billionaire Ray Dalio’s Bridgewater was selling in the first quarter of 2024. While the fund sold many tech stocks in the first quarter, overall, its portfolio allocation to tech jumped to 17% as of the end of March from just 7% in the previous quarter. Some top names in the portfolio are NVIDIA Corp (NASDAQ:NVDA), Alphabet (NASDAQ:GOOG) and Meta Platforms Inc (NASDAQ:META).

In this article we take a look at 5 stocks Bridgewater sold off completely or reduced its stake in during the March quarter. To see more tech stocks Bridgewater sold off in Q1 2024, click 4 Tech Stocks Ray Dalio is Selling in 2024.

BILL Holdings, Inc. (NYSE:BILL)

Number of Hedge Fund Holders: 49

Billionaire Ray Dalio’s Bridgewater Associates sold all 20,844 shares of the financial software company BILL Holdings, Inc. (NYSE:BILL) during the first quarter of 2024. Over the past one year BILL Holdings, Inc. (NYSE:BILL) shares have gained about 40%. BILL Holdings, Inc. (NYSE:BILL) recently posted fiscal Q3 results. Adjusted EPS in the period came in at $0.60, beating estimates by $0.07 per share. Revenue in the quarter jumped 18.5% year over year to $323 million, beating estimates by $16.86 million.

While Dalio’s fund is selling BILL, it’s buying major companies like NVIDIA Corp (NASDAQ:NVDA), Alphabet (NASDAQ:GOOG) and Meta Platforms Inc (NASDAQ:META).

Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 60

Bridgewater Associates cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 94% in the first quarter of 2024. The fund still owns 118,397 shares of Cisco Systems, Inc. (NASDAQ:CSCO) as of the end of March.

Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders: 50

Like HP Inc. (NYSE:HPQ), Hewlett Packard Enterprise Company (NYSE:HPE) was also dumped by Bridgewater in the first quarter, as the fund sold 560,336 shares of the company. HP Inc. (NYSE:HPQ) shares have gained about 23% over the past one year.

Of the 933 hedge funds tracked by Insider Monkey, 50 hedge funds had stakes in HP Inc. (NYSE:HPQ) as of the end of the March quarter.

HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 50

HP Inc. (NYSE:HPQ) is in the spotlight as analysts expect PC demand to remain upbeat amid an AI-driven refresh cycle. Market data firm Canalys recently said that about 18% of total personal computer shipments globally will be AI-capable PCs. The firm also estimates that 48 million AI-capable PCs will be shipped this year.

However, Ray Dalio’s hedge fund dumped 77% of its stake in HP Inc. (NYSE:HPQ) in the first quarter of 2024.

Dalio’s fund is selling HP but it’s holding on to its huge stakes in companies like NVIDIA Corp (NASDAQ:NVDA), Alphabet (NASDAQ:GOOG) and Meta Platforms Inc (NASDAQ:META).

Greenlight Capital mentioned HP Inc. (NYSE:HPQ) in its Q1 2024 investor letter. Here is what the firm has to say:

“The title of our Sohn presentation was “Solve AI,” which was a play on Solvay’s corporate name. Nonetheless, we established another new long position that actually stands to benefit from AI, which we believe is not reflected in the current stock price. HP Inc. (NYSE:HPQ) sells computers, printers and adjacent products and supplies. We established an initial position at an average price of $30.76 per share, which is about 9x current year earnings estimates. Recent results reflect a two-and-a-half-year cyclical downturn in demand for computers, which followed a mini-boom driven by COVID and related demand for equipment to work-from-home. We believe that we are, at a minimum, on the cusp of a normal PC refresh cycle, which should drive earnings above estimates. HPQ has committed to return 100% of free cash flow to shareholders through buybacks and dividends. The shares have a 3.6% dividend yield and we estimate HPQ has the capacity to buy back 25-30% of the outstanding shares over the next three years. (Click here to read)

QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 78

Ray Dalio’s Bridgewater Associates cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 90% in the first quarter of 2024, selling about 68,000 shares of the company in the period. The fund still owns 7481 shares of QUALCOMM Incorporated (NASDAQ:QCOM). Latest reports suggest QUALCOMM Incorporated (NASDAQ:QCOM) is partnering with semiconductor startup Ampere Computing to develop energy efficient AI chips.

Madison Investments mentioned QUALCOMM Incorporated (NASDAQ:QCOM) in its Q4 2023 investor letter. Here is what the firm has to say:

“QUALCOMM Incorporated (NASDAQ:QCOM) also reported a solid fourth fiscal quarter with better than expected results. The company guided the first quarter ahead of expectations despite headwinds from Samsung as the inventory headwinds dissipate. Qualcomm remains well positioned in the mobile handset market and should benefit as Artificial Intelligence moves to edge devices which could drive an upgrade cycle.”

Ray Dalio sold many more tech stocks in Q1’2024.

Click to see 4 More Tech Stocks Billionaire Ray Dalio is Selling in 2024.

If you are looking for an AI stock that is as promising as Microsoft but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.

Disclosure: None. Billionaire Ray Dalio is Selling These Tech Stocks in 2024 was originally published on Insidermonkey.com

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!