The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is 'clearly a lot of froth' in the tech sector.
U.S. tech behemoths including Tesla, Meta, Microsoft and Google parent Alphabet are all scheduled to release results in the coming days.
Big Tech's earnings, which kicks off with Elon Musk's EV company Tesla on Tuesday after market close, follow a "If I look at what we can read out of the current market, I would say that there is clearly a lot of froth within the technology sector. Whether it is too much or not, that is unclear — and I guess we will get the answer later in the week when we get all these results coming through.", which was valued at 17.7 trillion kroner at the end of March, was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector.
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