Billionaire Ray Dalio Sold 27% of Bridgewater's Stake in Nvidia and Is Piling Into 2 Artificial Intelligence (AI) Stock-Split Stocks
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Ray Dalio's Bridgewater sold 27% of its Nvidia stake, reducing its position by over 1.8 million shares. The firm is increasing its investment in two other AI stock-split stocks.
November 20, 2024 | 10:30 am
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Bridgewater, led by Ray Dalio, sold 27% of its Nvidia stake, amounting to over 1.8 million shares. This move indicates a shift in investment strategy away from Nvidia.
The sale of a significant portion of Nvidia shares by a major investment firm like Bridgewater could lead to a short-term negative impact on Nvidia's stock price due to perceived reduced confidence in the stock.
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