Top 10 AI Stocks in Billionaires Ray Dalio and Philippe Laffont’s Portfolios

#7 Alphabet Inc. (NASDAQ:GOOGL)

Coatue Stake $1.74 Billion | Bridgewater Stake $472.5 Million

Coatue added 542,825 shares of Alphabet and held $1.74 billion, or 3.57% of its portfolio. Bridgewater trimmed 675,498 shares and held $472.5 million, or 1.94% of its portfolio. Claude’s AI portfolio named Alphabet its best performer this year. Find out what drove the gain here.

Alphabet is expanding beyond its traditional search business through AI chips, cloud computing and enterprise AI services. Google is broadening access to its custom TPU chips, with additional computing capacity expected to come online in 2027. Google Cloud management has highlighted attractive returns on AI infrastructure investments, with AI servers generating payback in less than two years and Google’s custom chips offering shorter payback periods than GPUs. More than half of Google Cloud’s revenue backlog is expected to convert into revenue within two years. Enterprise customers using Google’s AI products also purchase 1.8 times as many Google Cloud products, potentially increasing customer retention and switching costs. Meanwhile, competitive pricing for its Gemini AI models could encourage wider adoption. Google’s search business has also remained resilient despite growing competition from AI chatbots.

#6 Broadcom Inc. (NASDAQ:AVGO)

Coatue Stake $2.21 Billion | Bridgewater Stake $497.8 Million

Coatue added 342,979 shares of Broadcom and held $2.21 billion, or 4.54% of its portfolio. Bridgewater trimmed 517,457 shares and held $497.8 million, or 2.04% of its portfolio. Broadcom has lagged the market this year even though analysts expect its earnings to rise 71% in fiscal 2026. Read our full take on whether it is a buy here.

Broadcom is benefiting from strong demand for AI chips and networking equipment. In the fiscal third quarter of 2026, revenue jumped 85.5% year over year, while AI semiconductor revenue surged 221%. Management expects AI revenue to reach $115 billion in fiscal 2027 and $230 billion in 2028. Broadcom also generated $13.7 billion in quarterly free cash flow, representing a 46% margin. Unlike heavily indebted AI infrastructure providers such as CoreWeave, Broadcom can fund its capital investments through internally generated cash. Its stock has also declined roughly 30% from its previous peak, potentially creating an attractive entry point.

However, demand slowdown is a risk. If AI demand fails to justify these investments, chip orders could slow significantly. Growing sales of lower-margin custom AI chips could also pressure profitability. Valuation remains a concern, with Broadcom trading at 27.59 times forward earnings, nearly 28% above the sector median, although broadly in line with its five-year average. Its forward enterprise value-to-sales ratio is more than four times the sector median, leaving shares vulnerable if growth slows.

#5 GE Vernova Inc. (NYSE:GEV)

Coatue Stake $3.01 Billion | Bridgewater Stake $144.2 Million

GE Vernova makes the gas turbines and grid equipment that data centers need for power. Coatue trimmed 14,194 shares in the second quarter and held $3.01 billion, or 6.18% of its portfolio. Bridgewater trimmed 312,129 shares and held $144.2 million, or 0.59% of its portfolio. Bulls say the company’s order backlog for AI data center power outweighs a recent earnings miss. See the full breakdown here.

GE Vernova is positioned to benefit from surging electricity demand driven by AI data centers. US data center electricity consumption is projected to increase 130% by 2030, creating opportunities across power generation and grid infrastructure. GE Vernova’s gas turbine backlog and slot reservations reached 116 gigawatts, while data center orders exceeded $5 billion in the first half of 2026, more than double the total for 2025.

Second-quarter orders surged 88% year over year, lifting the company’s total backlog to $176 billion. Its businesses span gas turbines, transformers, substations and electrical equipment, allowing it to benefit from multiple stages of data center development. Growing equipment installations could also generate long-term maintenance and service revenue.

However, not all is good. GE Vernova’s valuation already reflects substantial growth expectations. The stock trades at 53.74 times forward non-GAAP earnings, compared with the sector median of 19.32 times. Its forward enterprise value-to-sales ratio of 4.52 is more than double the sector median. These premiums leave limited room for disappointment if AI-related electricity demand grows more slowly than anticipated. Supply chain constraints could also delay the conversion of GE Vernova’s substantial backlog into revenue.