Ray Dalio Has Invested Over $900 Million In This Stock. Should You Buy?

Ray Dalio made NVDA a top Bridgewater AI holding, and 24/7 Wall St. rates it BUY with a $271 target implying 21% upside.

NVDA's Data Center revenue surged 92% YoY to $75 billion, with Q2 guided to $91 billion as Vera Rubin promises 35x inference gains.

AMD trades at a P/E of 194 with just 13% net margins, while Broadcom's AI semiconductor revenue is growing over 200% YoY.

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Bridgewater Associates founder Ray Dalio has made NVIDIA (NASDAQ:NVDA) one of the largest AI positions in his firm's disclosed book. The question for retail investors is whether the world's most valuable chipmaker still has room to run after a 20%+ move year to date.

My 24/7 Wall St. price target for NVIDIA is $271.46, implying 20.56% upside from $225.16. The recommendation is buy with 90% confidence.

NVIDIA is up 20.87% YTD and 23.86% over the past year, yet shares trade roughly 5% off the 52-week high of $236.26.

The May Q1 FY2027 earnings showed revenue of $81.615 billion beating estimates by 3.16%, non-GAAP EPS of $1.87 beating by 5.42%, and Data Center revenue jumping 92% YoY to $75.246 billion. Management guided Q2 revenue to $91 billion ± 2% with non-GAAP gross margin at 75%.

The bull case reaches $315.38, a 40.07% total return. Three catalysts support it. First, Vera Rubin production ships in Q3 2026 with claimed 35x higher inference throughput versus Blackwell.

Second, the Vera CPU opens a $200 billion TAM NVIDIA has never addressed.

Third, management sees Blackwell and Rubin revenue visibility of $1 trillion from 2025 through calendar 2027, with hyperscale capex projected to top $1 trillion in 2027. Street consensus at $302.83 reflects 58 buy ratings against just 1 sell.

The bear case pins the stock at $234.26 for a 4.04% return. Risks include continued China exclusion (Q2 guidance excludes any Data Center compute revenue from China), customer concentration with hyperscalers at 50% of Data Center revenue, and total supply commitments at $145 billion, which magnifies demand shortfalls.

Insider activity skewed to selling across 27 recent transactions. Bulls counter that supply commitments track a demand backlog Jensen Huang described as parabolic, and the H20 hit produced a $4.50B inventory charge a year ago that flatters current YoY comps.

AMD (NASDAQ:AMD) is the closest merchant GPU alternative and won a landmark 6-gigawatt OpenAI deployment. AMD trades at a P/E of 194 versus NVIDIA's 45, with Q2 FY2026 revenue of $11.54 billion and net margins near 13%, well below NVIDIA's 55.6%. That valuation gap makes my $271 target look conservative on quality-adjusted profitability.

Broadcom (NASDAQ:AVGO) is the custom-silicon foil, with AI semiconductor revenue guided to $16 billion in Q3 FY2026, more than 200% YoY. Broadcom's $1.87 trillion market cap reflects hyperscaler ASIC share taking, yet NVIDIA outgrows it on revenue while trading at similar multiples. The peer group makes my target reasonable on a quality-adjusted basis.

My 24/7 Wall St. price target is $271.46 with a buy rating and 90% confidence. The tipping factor is the visibility management has booked into fiscal 2027.

I'd buy here if the August 26 Q2 report holds gross margin at 75% and reiterates Rubin timing. I'd stay on the sidelines if China risk resurfaces as incremental supply glut.

These projections extend our model forward using the base case trajectory of 12.07% annualized returns.

These assume NVIDIA continues executing on Rubin and Vera CPU ramps. Upside could come from China re-entry, while downside risk centers on hyperscaler capex normalization.

Contact editorial@247wallst.com for any questions or corrections.