Ray Dalio’s Bridgewater Dumps Nvidia, Backs Applied Materials as Hedge Funds Turn Away From the ‘Magnificent Seven’
Ray Dalio’s Bridgewater Associates has slashed its Nvidia and other ‘Magnificent Seven’ holdings while quietly building a large position in Applied Materials and other chip-equipment and software names. Here’s what the latest Q3 13F filings say about hedge funds’ changing view of Big Tech, AI valuations, and bubble risks. A Quiet Portfolio Shake-Up Behind Ray Dalio’s Bubble Warnings New regulatory filings and fresh commentary from Bridgewater Associates show the world’s largest hedge fund talking and acting much more defensively on the AI-driven tech boom. Q3 2025 13F disclosures reveal that Bridgewater, founded by billionaire Ray Dalio, aggressively cut back its