Billionaire Ray Dalio’s Top 5 Technology Stock Picks

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

5. QUALCOMM, Incorporated (NASDAQ:QCOM)

Bridgewater Associates’ Stake Value: $68,637,000

Percentage of Bridgewater Associates’ 13F Portfolio: 0.34%

QUALCOMM, Incorporated (NASDAQ:QCOM) is the world leader in next-generation wireless technologies. The company’s products and services include chipsets, modems, and software solutions for a variety of wireless applications, including smartphones, tablets, laptops, automobiles, the Internet of Things, and wearables. As of September 30, Bridgewater Associates has a stake worth $68.6 million in QUALCOMM, Incorporated (NASDAQ:QCOM) and the stock is one of Ray Dalio’s top tech stock picks.

On November 2, QUALCOMM, Incorporated (NASDAQ:QCOM) posted earnings for the fourth quarter of fiscal 2022. The company reported earnings per share of $3.13 and generated a revenue of $11.39 billion, up 22.17% year over year, and ahead of Wall Street consensus by $19.96 million. The company has a strong balance sheet, with abundant free cash flows and low debt levels. QUALCOMM, Incorporated (NASDAQ:QCOM) has free cash flows of $6.8 billion and a debt-to-equity ratio of 0.85.

On November 3, Cowen analyst Matthew Ramsay revised his price target on QUALCOMM, Incorporation (NASDAQ:QCOM) to $165 from $185 and maintained an Outperform rating on the shares.

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