Ray Dalio Cuts Stake in Lam Research Corporation, Boosts Holdings in Third Quarter

Bridgewater Associates, managed by Ray Dalio, has reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 12% in Q4 2025, from 3 million to 2.6 million shares. Lam Research is a key player in the AI supercycle, with a dominant position in etch and deposition technologies, and is considered a lower-risk play for the AI boom. Despite the reduction in stake, Lam Research remains a promising investment opportunity due to its critical role in the production process for leading memory makers.