World’s largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech

Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global — the world’s largest sovereign wealth fund — said it had a value of 17.75 trillion kroner at the end of June.