Ray Dalio's Bridgewater Cuts Stake In Microsoft Stock By 20% – Is Big Tech Losing Its Shine?

Quick Summary:

Ray Dalio's Bridgewater Associates recently trimmed its Microsoft Corp (NASDAQ:MSFT) stake by 20% in the third quarter 2024, marking a notable reduction in a stock long considered a tech stalwart.

But Dalio isn't the only prominent investor easing back; Cathie Wood's Ark Invest also trimmed its position in Microsoft, sparking speculation on the future role of Big Tech in high-profile portfolios.

Bridgewater's Q3 Picks

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: AVGO AMD TXG US4642872000 CEG Top Stories Tech TEM ARK Invest Bridgewater Associates Benzinga US5949181045 US0079031078 KeyProj MSFT Hedge Funds Stories That Matter Expert Ideas IVV SG9999006241 Cathie Wood Ray Dalio

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 14:10:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 398 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23586571

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