5 Best Growth Stocks To Buy According To Ray Dalio

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 78     

Intel Corporation (NASDAQ:INTC) is a California-based firm that sells essential technologies for smart devices. It is placed third on our list of 11 best growth stocks to buy according to Ray Dalio. According to 13F filings, Bridgewater Associates owned 35,490 shares in the company at the end of the second quarter of 2021 worth $1.9 million, representing 0.01% of the portfolio. 

On July 23, investment advisory BMO Capital maintained an Outperform rating on Intel Corporation (NASDAQ:INTC) stock but lowered the price target to $70 from $75, appreciating the quarterly earnings but predicting compressed margins in the second half of the year. 

At the end of the second quarter of 2021, 78 hedge funds in the database of Insider Monkey held stakes worth $6.7 billion in Intel Corporation (NASDAQ:INTC), down from 83 in the previous quarter worth $7.6 billion.