Norway’s gigantic sovereign wealth fund posted a full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday. Norges Bank Investment Management, which manages the fund, said the returns were driven by the AI boom that drove tech stocks higher in 2024.

The world’s largest sovereign wealth fund, Norway’s Norges Bank Investment Management (NBIM), has amassed $356.7 million in indirect bitcoin

Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year's tech rally.

CEO of NBIM Nicolai Tangen said the robust stock market had helped the fund to generate good returns, particularly the performance of US technology stocks, reported CNBC. Even dep

Sovereign wealth fund chief credits strong stock market, especially US tech stocks, for stellar results - Anadolu Ajansı

Norway’s sovereign wealth fund was underweight on US tech stocks last year, a move that hit 2024 returns but may have helped it weather recent turmoil caused by the challenge posed by Chinese artificial intelligence startup DeepSeek.