World's largest wealth fund says there's ‘clearly a lot of froth' in the tech sector right now [CNBC]
Tesla, Inc. (TSLA)
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Source: CNBC
whether there is too much of it could depend on this week's tech earnings bonanza 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 5.5% fall for the Nasdaq Composite last week. The slump of the tech-heavy index reflected its worst weekly performance since November 2022, with computer chipmaker and artificial intelligence darling Nvidia leading the losses. “Using social psychology in investing is very, very interesting, because we look at how you make decisions, how you [make] unbiased decisions, your appetite towards risk and so on,” Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), told CNBC's “Squawk Box Europe” on Tuesday. “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. Whethe
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