🧵 1. Norway's sovereign wealth fund, the world's largest, reports $138 billion profit driven by AI tech stock demand in first half of the year. #finance
🧵 1. Norway's sovereign wealth fund, the world's largest, reports $138 billion profit driven by AI tech stock demand in first half of the year. #finance
🧵 2. CEO Tangen highlights strong equity returns, particularly from technology stocks influenced by rising demand in artificial intelligence solutions.
🧵 3. Fund's equity portfolio posts 12.5% return, while fixed income and real estate incurred slight losses.
🧵 4. Unlisted renewable energy infrastructure portfolio sees negative 17.7% returns, attributed to increased capital costs affecting investments.
🧵 5. NBIM's Tangen foresees stock market uncertainty ahead, cautioning about geopolitical risks influencing global stocks amid a changing landscape.
🧵 Read more at: https://www.cnbc.com/2024/08/14/worlds-largest-sovereign-wealth-fund-posts-138-billion-in-h1-profit.html