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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 14:10:39 (1 weeks 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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