Norway's wealth fund posts record $109b Q1 profit as tech stocks soar

Norway's wealth fund posts record $109b Q1 profit as tech stocks soar

Oslo, Norway. Photo by Arvid Malde on Unsplash

Norway’s $1.6 trillion wealth fund, the world’s largest, posted a record profit of 1.2 trillion crowns ($109 billion) on Thursday for the first quarter of 2024, boosted by strong tech stocks and a continuing boom in artificial intelligence.

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