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Top 5 Technology Stocks to Buy in 2023 According to Ray Dalio

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In this article, we discuss the top 5 Technology stocks to buy in 2023 according to Ray Dalio. If you want to read our detailed analysis of Dalio’s investment philosophy and portfolio construction, go directly to the Top 10 Technology Stocks to Buy in 2023 According to Ray Dalio.

5. Block, Inc. (NYSE:SQ)

Value of Bridgewater Associates’ 13F Position: $54.74 million
Percentage of Bridgewater Associates’ 13F Portfolio: 0.29%
Number of Hedge Fund Shareholders: 70

Block, Inc. (NYSE:SQ) provides credit card payment processing solutions. Its commerce ecosystem includes software and hardware for point-of-sale operations, assisting merchants with payment and point-of-sale solutions.

Bridgewater Associates elevated its position in Block, Inc. (NYSE:SQ) by 80% in Q4 2022, holding 871,118 shares worth over $54.74 million. The stock accounts for 0.29% of the fund’s total 13F portfolio. Block, Inc. (NYSE:SQ) has featured on Bridgewater Associates’ portfolio since the first quarter of 2022.

Baird expected Block, Inc. (NYSE:SQ) to have a slow Q1 but improve later in the year. They predicted slightly higher earnings per share in Q1, but March and April results would be more important to investors. Baird was positive about CashApp’s growth but concerned about a possible decline in the Seller business. On April 13, Baird maintained an ‘Outperform’ rating and a price target of $92 for Square shares.

As of the fourth quarter of 2022, 70 hedge funds in Insider Monkey’s database held stakes in Block, Inc. (NYSE:SQ). Catherine D. Wood’s ARK Investment Management is the most notable shareholder in Block, Inc. (NYSE:SQ), with 9 million shares valued at $565.77 million.

Follow Block Inc. (NYSE:XYZ)

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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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