Bridgewater Associates, the world's largest hedge fund, has significantly increased its investments in chip stocks while reducing its software holdings in the first quarter of 2024. According to its latest U.S. equity portfolio report, Bridgewater added substantial positions in NVIDIA, Broadcom, and Micron Technology, while exiting positions in enterprise software companies like Salesforce and ServiceNow, and reducing its stake in Adobe. The hedge fund's total U.S. equity holdings decreased to $22.4 billion from $27.4 billion in the previous quarter. Notably, Bridgewater increased its NVIDIA shares by 827,800, raising its portfolio weighting to 3.65%. It also added 670,000 shares of Broadcom and 586,000 shares of Micron Technology, increasing their weightings to 2.54% and 2.23%, respectively. Additionally, Bridgewater established a new position in TSMC with 1.077 million shares, accounting for 1.62% of its portfolio by the end of Q1.