Billionaire Investor Reduces Stake in Technology Companies
Renowned investor Ray Dalio made a sale of shares in technology giants known as the Magnificent Seven in the fourth quarter. Billionaire investor Ray Dalio sold shares in technology companies in the fourth quarter. Ray Dalio, founder and CEO of Bridgewater Associates, one of the world’s largest hedge funds, announced portfolio updates. Dalio’s reduction in stake in some technology giants known as the Magnificent Seven stood out. During this period, the famous investor reduced his shares in Alphabet by 17%, Nvidia by 26%, and Meta Platforms by 23%. Additionally, he made sales of 23% in Microsoft and 35% in Amazon. Bridgewater, Dalio’s company, also closed its positions in Micron, SuperMicro, Goldman Sachs, Spotify, and 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