Intel Corp (INTC)

[Professor MD]

Very Bullish On Intel

Dalio and his team are also very bullish on Intel Corporation (NASDAQ:INTC) and have increased their investment in the microprocessor titan by roughly 250% over the quarter. According to its latest 13F filing, Bridgewater’s stake amounts to 985,943 shares valued at $31.9 million. Although it failed to cement a place in the mobile industry and despite slumping PC sales, Intel has managed to shift its focus in order to benefit from the cloud bonanza. The company’s Xeon server processors are uncontested leaders in the server segment, which means cloud giants like Amazon and Microsoft are guaranteed clients. The company is still a leader in the PC processor market and said it has not plans to exit the mobile market either. Billionaire Ken Fisher is also betting big on Intel Corporation (NASDAQ:INTC) as his fund, Fisher Asset Management reportedly holds 19.6 million shares, up by 1% for the quarter, worth $617 million according to its latest 13F filing.

http://www.insidermonkey.com/blog/billionaire-ray-dalios-top-stock-picks-include-microsoft-intel-451325/