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Billionaire Ray Dalio’s Top 10 Technology Stock Picks

In this article, we will discuss billionaire Ray Dalio’s top 10 technology stock picks. If you want to explore similar stocks, you can also take a look at Billionaire Ray Dalio’s Top 5 Technology Stock Picks.

Ray Dalio is an American billionaire investor, former hedge fund manager, and philanthropist. He is the founder of Bridgewater Associates, a Connecticut-based hedge fund with over $126 billion in assets under management. Bridgewater Associates is made up of three hedge funds: The flagship Pure Alpha fund, the All Weather fund, and the Pure Alpha Major Markets fund. According to an article by The New York Times, Ray Dalio is stepping down from his role as hedge fund manager of Bridgewater Associates after 47 years. Ray Dalio is being succeeded by co-CEOs of Bridgewater Associates Nir Bar Dea and Mark Bertolini and will continue to serve as the Chief Investment Officer of Bridgewater Associates. According to the article, Bridgewater Associates’ flagship fund, Pure Alpha, is up 35% year to date and is outperforming all major market indices.

Ray Dalio’s Macro Analysis

On October 12, Ray Dalio appeared in an interview on Bloomberg where he discussed the current macroeconomic trends. According to Mr. Dalio, we will not be having a “sustainable interest rate that is going to be a real adequate interest rate”, and so he is steering clear of debt instruments. Mr. Dalio said that according to his analysis and estimates, the interest rate that will equalize the inflation rate sits between 4% and 5% and that brings the “real bond yield” to “four and a half percent” and “the economy cannot take an interest rate much higher than that before it is going to be negative”.

Bridgewater Associates’ Stock Portfolio

In the third quarter of 2022, Bridgewater Associates increased its exposure to 300 previously held positions, reduced its stakes in 498 securities, initiated 61 new positions, and exited 180 positions. As of September 30, Bridgewater Associates has a portfolio value of $19.75 billion. This article will look at some of Ray Dalio’s top technology stock picks, which include Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:FB), and Alphabet Inc. (NASDAQ:GOOG).

Our Methodology

To determine Ray Dalio’s top technology stock picks, we scoured Bridgewater Associates’ 13F portfolio which was updated at the close of the third quarter of 2022. We picked tech stocks that ranked among the fund’s top 13F holdings and arranged them according to Bridgewater Associates’ stake value in them, from least to most.

Billionaire Ray Dalio’s Top 10 Technology Stock Picks

10. Accenture Plc (NYSE:ACN)

Bridgewater Associates’ Stake Value: 29,284,000

Percentage of Bridgewater Associates’ 13F Portfolio: 0.14%

Accenture Plc (NYSE:ACN) is a professional services company that provides strategy, consulting, technology, and operations services. It has been in business since 1989 and is headquartered in Dublin, Ireland. On September 22, Accenture Plc (NYSE:ACN) posted earnings for the fourth quarter of fiscal 2022. The company generated a revenue of $15.42 billion and beat revenue estimates by $18.32 million. Accenture Plc (NASDAQ:ACN) reported an EPS of $2.60 and outperformed Wall Street consensus by $0.03.

Shortly after the company’s earnings release, Citi analyst Ashwin Shirvaikar revised his price target on Accenture Plc (NYSE:ACN) to $305 from $315 and reiterated a Buy rating on the shares. On October 14, JPMorgan analyst Tien-tsin Huang updated his price target on Accenture Plc (NYSE:ACN) to $306 from $329 and maintained an Overweight rating on the shares.

As of November 14, Accenture Plc (NYSE:ACN) is offering a forward dividend yield of 1.54% and has free cash flows of $8.82 billion. At the close of Q3 2022, Bridgewater Associates held a position worth $29.28 million in Accenture Plc (NYSE:ACN). The stock is one of Ray Dalio’s top technology stock picks.

Here is what Distillate Capital Partners LLC had to say about Accenture plc (NYSE:ACN) in its third-quarter 2022 investor letter:

“The largest new purchases includes Accenture plc (NYSE:ACN). Accenture modestly lagged the market last quarter and became similarly attractive enough to warrant ownership. Similar to our prior presentations, one way to visualize the current portfolio and note recent changes versus the benchmark is to look at scatter plot of all of Distillate’s FSV holdings versus those in the benchmark with valuation on the vertical axis and free cash cow stability on the horizontal axis.”

In addition to Accenture Plc (NYSE:ACN), other large-cap tech companies that Bridgewater Associates is heavily invested in include Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG).

9. Micron Technology, Inc. (NASDAQ:MU)

Bridgewater Associates’ Stake Value: $28,866,000

Percentage of Bridgewater Associates’ 13F Portfolio: 0.14%

Micron Technology, Inc. (NASDAQ:MU) is a leading provider of semiconductor solutions. The company has a strong market position and is well-positioned to continue to grow and gain market share. As of November 14, Micron Technology, Inc. (NASDAQ:MU) is trading at a PE multiple of 8x and is offering a forward dividend yield of 0.76%. Micron Technology, Inc. (NASDAQ:MU) has free cash flows of $3.1 billion. As of September 30, Bridgewater Associates has stakes worth $28.8 million in Micron Technology, Inc. (NASDAQ:MU).

On September 29, Micron Technology, Inc. (NASDAQ:MU) announced earnings for the fiscal fourth quarter of 2022. Micron Technology, Inc. (NASDAQ:MU) generated revenue of $6.64 billion and reported earnings per share of $1.45, outperforming estimates by $0.08. On November 10, Micron Technology, Inc. (NASDAQ:MU) announced the commercial availability of DDR5 memory which is compatible with the new AMD EPYC 9004 Series processors.

On October 13, Loop Capital analyst Charles Park took coverage of Micron Technology, Inc. (NASDAQ:MU) with a Buy rating and a $70 price target.

Here is what Claret Asset Management had to say about Micron Technology, Inc. (NASDAQ:MU) in its third-quarter 2022 investor letter:

“Inflation is still higher than interest rates… not an incentive to save for most people. Either inflation must come down or interest rates have to go up further. Or both. And probably both. Now that they are taking the punch bowl away and the party is over, what happens next? For whatever reason, the stock market seems to always precede the economic reality: Micron reached a high of $98.45 on January 5th, 2022 and is trading at $50.00 today.”

8. Apple Inc. (NASDAQ:AAPL)

Bridgewater Associates’ Stake Value: $38,227,000

Percentage of Bridgewater Associates’ 13F Portfolio: 0.19%

Apple Inc. (NASDAQ:AAPL) is one of the most innovative companies in the world and has a history of creating revolutionary products that have changed the way we live. The iPhone, iPad, and iMac are just a few examples of its game-changing products. The company has a strong balance sheet with over $111.4 billion in free cash flows and is well-positioned to continue its incredible run of success in the years to come.

On November 14, JPMorgan analyst Samik Chatterjee maintained an Overweight rating and his $200 price target on Apple Inc. (NASDAQ:AAPL).

On October 27, Apple Inc. (NASDAQ:AAPL) reported strong earnings for the fiscal fourth quarter of 2022. The company reported an EPS of $1.29 and beat estimates by $0.02. The company generated a revenue of $90.15 billion and outperformed Wall Street expectations by $1.37 billion. As of September 30, Bridgewater Associates has a position worth $38.2 million in Apple Inc. (NASDAQ:AAPL), and the stock is ranked among Ray Dalio’s top tech stock picks.

Here is what Wedgewood Partners had to say about Apple Inc. (NASDAQ:AAPL) in its third-quarter 2022 investor letter:

Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.”

7. Cisco Systems, Inc. (NASDAQ:CSCO)

Bridgewater Associates’ Stake Value: $39,491,000

Percentage of Bridgewater Associates’ 13F Portfolio: 0.19%

Cisco Systems, Inc. (NASDAQ:CSCO) is a leading provider of networking equipment and software. The company has a strong market position and a diversified product portfolio. Cisco Systems, Inc. (NASDAQ:CSCO) is well-positioned to benefit from the continued growth of the Internet and the rise of cloud computing. Cisco Systems, Inc. (NASDAQ:CSCO) is a cash-rich company with a strong balance sheet and low debt levels. The company has free cash flows of $12.74 billion and a debt-to-equity ratio of 0.23.

This November, Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and his $56 price target on Cisco Systems, Inc. (NASDAQ:CSCO) and added the stock to Evercore ISI’s “Tactical Outperform” list. As of September 30, Bridgewater Associates has a stake of $39.4 million in Cisco Systems, Inc. (NASDAQ:CSCO) and the investment accounts for 0.19% of the fund’s 13F portfolio.

On October 12, Cisco Systems, Inc. (NASDAQ:CSCO) announced a strategic collaboration with Microsoft Corporation (NASDAQ:MSFT) to offer Microsoft Teams compatibility for Cisco Room and Desk devices, starting from the first half of 2023.

6. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bridgewater Associates’ Stake Value: $45,791,000

Percentage of Bridgewater Associates’ 13F Portfolio: 0.23%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that offers a broad range of innovative products, including microprocessors, GPUs, and server accelerators among other hardware products. The company has a strong history of technology leadership and is committed to delivering the best possible computing experience to its customers. The company’s products are used in a wide range of applications, including gaming, computing, and virtual reality.

On November 14, Baird analyst Tristan Gerra upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to Outperform from Neutral and raised his price target on the shares to $100 from $65. This November, UBS analyst Timothy Arcuri raised his price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) and upgraded the stock to Buy from Neutral.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a strong competitor in the market for high-performance GPUs, and its products are used by some of the world’s largest tech companies. The company has a strong R&D team and a commitment to innovation, which gives it a competitive advantage in the semiconductor market. The company has free cash flows of $3.40 billion and is ranked among Ray Dalio’s top tech stock picks. As of September 30, Bridgewater Associates holds a position worth $45.7 million in Advanced Micro Devices, Inc. (NASDAQ:AMD).

Here is what Baron Funds had to say about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its second-quarter 2022 investor letter:

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.

AMD has been gaining meaningful share in personal computing and server end markets over the past several years driven by the performance of its processors and technology and strong execution against its technology roadmap, and we believe share gains will continue over the coming years from a combination of AMD’s continued advancements and Intel’s stumbles in developing its leading-edge technology.

Additionally, the recently closed acquisitions of Xilinx and Pensando enhance AMD’s positioning within the data center, a key growth engine for the semiconductor industry, and Xilinx specifically opens up several new growth opportunities in new end markets like industrial, automotive, and communications. The company also generates significant cash flow, giving it capital allocation optionality for further M&A and returning capital to shareholders.”

Some of Ray Dalio’s top technology stock picks include big tech names such as Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG).

Click to continue reading and see Billionaire Ray Dalio’s Top 5 Technology Stock Picks.

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Disclosure: None. Billionaire Ray Dalio’s Top 10 Technology Stock Picks is originally published on Insider Monkey.

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!

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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.

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