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Benzinga
Benzinga
Technology
Shanthi Rexaline

Norwegian Central Bank Substantially Reduces Stakes In Alibaba And This Chipmaker: Here's What Norges Bought Instead

Amid the ongoing tech rout, Norges Bank made some cosmetic moves on its tech investments, barring a few liquidations and stake builds.

Norges Quits Facebook: Norges Bank, which operates the Oil Fund, exited its position in Meta Platforms, Inc. (NASDAQ:META). The biggest sovereign wealth fund also sold about three-fourths of its holdings each in Alibaba Group Holding, Inc. (NYSE:BABA) and Nvidia Corporation (NASDAQ:NVDA).

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