Norway's Wealth Fund Reports $138 Billion Profit Amid Tech Surge, Warns of Market Risks

The world's largest sovereign wealth fund credits AI-driven tech investments for gains but highlights concerns over rising global debt and geopolitical tensions.

Norway's sovereign wealth fund achieved an 8.6% return in the first half of 2024, driven by tech stocks.
Key contributors to the profit include investments in Nvidia, Microsoft, and Apple.
The fund's equity portfolio saw a 12.5% return, while fixed income and real estate investments posted losses.
CEO Nicolai Tangen expressed concerns over increasing global sovereign debt and international conflicts.
Despite the gains, the fund has reduced its stakes in companies like Meta, Novo Nordisk, and ASML.