In this article, we will take a look at the Ray Dalio Stock Portfolio: 5 Best Stocks to Buy. For a deeper discussion and an extended list, please see the Ray Dalio Stock Portfolio: 10 Best Stocks to Buy.
5. Micron Technology, Inc. (NASDAQ:MU)
Bridgewater Associates’ Stake Value: $498,551,839
Micron Technology, Inc. (NASDAQ:MU) is among the Ray Dalio Stock Portfolio.
On July 8, Barron’s reported that Micron Technology, Inc. (NASDAQ:MU) rebounded after entering a technical bear market, rising 0.3% on Wednesday after sliding 4.7% a day earlier. Barron’s said the prior decline left the stock more than 20% below its recent closing high.
The report said investors rotated out of AI-linked stocks after President Donald Trump declared the US-Iran cease-fire was over, lifting oil prices and reviving concerns about inflation, interest rates, and AI infrastructure spending. South Korean memory makers Samsung Electronics and SK Hynix each fell nearly 6%.
Despite the pullback, Barron’s said Micron Technology, Inc. (NASDAQ:MU) shares have more than tripled this year and argued the stock could double from current levels. It cited a Wall Street average price target of about $1,576, according to FactSet.
Morgan Stanley analyst Shawn Kim wrote, “This reset on price does not mean the cycle is over,” adding that sustained or higher hyperscaler AI spending would make current memory-stock levels “a good entry point.”
Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. It operates in the Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit segments.
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.
3. Alphabet Inc. (NASDAQ:GOOGL)
Bridgewater Associates’ Stake Value: $574,451,135
Alphabet Inc. (NASDAQ:GOOGL) is among the Ray Dalio Stock Portfolio.
On July 8, Bloomberg, citing UN Trade and Development (UNCTAD), reported that Alphabet Inc. (NASDAQ:GOOGL)’s $14.5 billion data center project in Andhra Pradesh helped grow India’s foreign direct investment by 44% to $39 billion in 2025.
The agency said the increase also shows Hynfra’s $4 billion green hydrogen investment. It also reported that a small number of large projects, rather than broad-based corporate spending, caused the growth.
UNCTAD also disclosed that announced greenfield investment fell about 33% to $74 billion, with manufacturing investment dropping to $27 billion from about $65 billion a year earlier as companies reduced project sizes. Services outpaced manufacturing in greenfield investment as businesses expanded digital infrastructure, while financial services attracted renewed activity. UNCTAD revealed that Amazon committed an additional $13 billion last month for planned investments in India. It includes AI and cloud infrastructure. The agency warned that tariff uncertainty, supply-chain realignment, and weaker global investment sentiment are still dragging down new commitments.
Alphabet Inc. (NASDAQ:GOOGL) is a holding firm that invests in software, healthcare, transportation, and other technology. It works in Google Services, Google Cloud, and Other Bets segments.
2. NVIDIA Corporation (NASDAQ:NVDA)
Bridgewater Associates’ Stake Value: $818,459,723
On July 8, Reuters cited The Information report, citing two people with direct knowledge of the matter, that China is preparing to let leading domestic AI companies purchase a limited number of NVIDIA Corporation (NASDAQ:NVDA)’s Nvidia H200 chips.
Reuters said Chinese officials recently told Alibaba, ByteDance, and DeepSeek they could soon receive approval to buy the chips, sending NVIDIA Corporation (NASDAQ:NVDA) shares jumping by 1%. Beijing has not finalized the allocation. The Information said approvals could total fewer than 200,000 chips, less than half the volume companies requested earlier this year.
Reuters said the US government has already cleared the AI chip giant to sell H200 chips to China and licensed about 10 Chinese companies to buy them. On the other hand, Chinese authorities have so far withheld approval while supporting domestic suppliers.
Reuters also reported last month that the company told Chinese customers its new Vera AI data center processors could become available as early as August. The potential policy move shows the computing capacity shortage facing China’s AI industry, Reuters commented.
NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and related multimedia applications. It works in the graphics processing unit and compute and networking divisions.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Bridgewater Associates’ Stake Value: $914,036,840
Amazon.com, Inc. (NASDAQ:AMZN) is among the Ray Dalio Stock Portfolio.
On July 7, Reuters reported that Amazon.com, Inc. (NASDAQ:AMZN) said it plans to raise $25 billion through a US dollar bond sale. It will extend Big Tech’s focus toward debt financing as companies are increasing AI infrastructure spending.
Reuters said the firms, Alphabet, Microsoft, and Meta, are expected to spend more than $700 billion on AI this year. Bloomberg News said demand for Amazon.com, Inc. (NASDAQ:AMZN)’s offering peaked at $62 billion. The company structured the sale across eight tranches of fixed and floating-rate notes with maturities ranging from 2029 to 2066.
An Amazon spokesperson said the proceeds will be used for general corporate purposes, including future capital expenditures and repayment of upcoming debt maturities. The tech giant also named Barclays, Goldman Sachs, JP Morgan, and Morgan Stanley as joint book-running managers.
Reuters noted Alphabet recently announced an $85 billion equity sale, while Meta completed $25 billion of investment-grade bonds earlier this year after a $30 billion offering in October.
Amazon previously targeted $37 billion in an oversubscribed bond sale in March.
Amazon.com, Inc. (NASDAQ:AMZN) is a globally recognized technology firm that provides online retail shopping operations. It functions in North America, International, and Amazon Web Services segments.
While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 15 Best Stocks to Buy for the Second Half of 2026 and 10 Best Under-the-Radar Stocks to Invest In.
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