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The phrase "bold risks" is correct and can be used in written English.
It is typically used to describe actions or decisions that are daring or audacious. Example: The company's success was built on taking bold risks and constantly pushing the boundaries of innovation.
Exact(27)
3.02am: OK, so here is one of those "bold risks" that Sid Ganis was promising.
On the battlefield, he took bold risks, which often led to high casualties on both sides.
"If you don't take bold risks, you don't break through," she added.
She was afraid to ride the rail, to be in the middle of the pack, to take bold risks.
The time to explore and take bold risks is a luxury few of us, genius or not, can afford once we leave school.
He added that he had little flexibility with the Yankees as they were constructed, and that he did not believe in taking bold risks.
Similar(32)
Soon after, the bold risk-taking led to a recovery.
It underscored that Mr. Bush is generally not a bold risk taker in his public life.
They are bold, risk-taking dancers, as seen again in Mr. Maillot's "Duo d'Anges," set to Handel.
Nonetheless, Markel creates rich portraits of men who shared, as he writes of Freud, a "particular constellation of bold risk taking, emotional scar tissue, and psychic turmoil".
Dreamed up in the mid-1980's by engineers at Motorola, its creator and largest investor, Iridium was certainly a first mover and a bold risk-taking project.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com