Ray Dalio Stock Portfolio: 5 Best Stocks to Buy

4. Broadcom Inc. (NASDAQ:AVGO)

Bridgewater Associates’ Stake Value: $568,068,464

On July 8, Evercore ISI called the multiyear agreement with Broadcom Inc. (NASDAQ:AVGO) strategically positive and said the partnership with Broadcom helps Apple’s effort to strengthen AI compute silicon for future Apple Intelligence improvements. It also secures critical connectivity and custom silicon capacity through the end of the decade.

Earlier, on July 6, Reuters reported that  Broadcom Inc. (NASDAQ:AVGO) extended its partnership with Apple through 2031 to develop and supply custom chips, reinforcing its role as a key supplier. However, Apple is making continuous efforts to design more components in-house.

eMarketer analyst Jacob Bourne said the agreement gives Apple supply-chain certainty during chip shortages while sparing it from in-sourcing key iPhone components. The analyst said, “For Broadcom, it provides reassurance given that Apple has spent years trying to build these chips itself.”

Reuters also noted the companies signed a multibillion-dollar agreement in 2023 to develop and manufacture 5G radio-frequency components.

Broadcom Inc. (NASDAQ:AVGO) is a multinational technology business that designs, develops, and sells semiconductors and infrastructure software solutions. It operates through Semiconductor Solutions and Infrastructure Software segments.