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Wed, January 22, 2025

CEO Nicolai Tangen, whose Norway wealth fund owns $173 billion of the Magnificent 7, tells investors to sell U.S. tech stocks


Published on 2025-01-22 08:41:09 - MSN
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  • The boss of the $1.8 trillion wealth fund told investors to take a contrarion approach, even if it leads others to questioning your sanity.

Nicolai Tangen, CEO of Norway's $1.6 trillion sovereign wealth fund, which holds significant stakes in the "Magnificent Seven" tech companies (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla), has advised investors to consider selling their U.S. tech stocks. Speaking at the Davos World Economic Forum, Tangen highlighted the overvaluation of these stocks, suggesting that their prices have risen too high too quickly. He pointed out that while these companies are currently performing well, their valuations might not be sustainable, and investors should be cautious. Tangen's comments come at a time when the fund itself is looking to diversify its investments, reducing its exposure to tech stocks which have significantly driven its returns in recent years.

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[ https://www.msn.com/en-us/money/savingandinvesting/ceo-nicolai-tangen-whose-norway-wealth-fund-owns-173-billion-of-the-magnificent-7-tells-investors-to-sell-u-s-tech-stocks/ar-AA1xEyur ]
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