Reported about 1 month ago
Nicolai Tangen, CEO of Norway’s $2 trillion oil fund, has raised concerns over a concentration risk in the AI stock market amidst a period of declining returns and increased geopolitical tensions. He indicated that the dominance of a few companies tied to AI innovations, particularly in semiconductors, could pose unprecedented risks to investors, as these firms account for a significant portion of the market. Despite these concerns, the fund holds substantial investments in key tech players like Microsoft and NVIDIA, pointing to a critical contrast in Europe's tech landscape versus the U.S.
Source: YAHOO