Reported 3 months ago
Ray Dalio, a renowned investor and head of Bridgewater Associates, has significantly increased his stake in Nvidia, a leading player in the AI chip market. His hedge fund has doubled its shares to approximately 7 million, valuing over $600 million, fueled by the rapid growth in demand for AI technologies. Despite Nvidia's stock price soaring, Dalio's confidence stems from the belief in the continued rise of AI spending and Nvidia's dominant market position. However, with the stock carrying a hefty valuation, prospective investors should weigh the potential risks against Nvidia's prospects in the evolving AI landscape.
Source: YAHOO