Norway's 2.3 trillion dollar sovereign wealth fund reported a record-breaking profit of 184.3 billion dollars in the first half of the year, primarily driven by the strong performance of Asian technology stocks. The fund's CEO, Nicolai Tangen, noted that the fund's top ten holdings now account for 20% of its total assets, with an increasing reliance on chip manufacturers such as NVIDIA, Apple, Google, Microsoft, and TSMC, and warned that he has "never seen such a high concentration."