Norway Wealth Fund CEO Praises Nvidia’s Huang, Fund Holds $61.8B Stake

The significance here is less about Tangen's praise than about the restraint: the head of the world's largest sovereign fund publicly declining to call Nvidia a good investment, even while it sits as his largest single equity holding, signals how uncomfortable the concentration question has become for large public holders. That tension affects any institution whose benchmark weight in AI-linked names has grown faster than its conviction. The open question is whether that stake size keeps rising with Nvidia's market value or whether the fund begins trimming to manage single-name exposure.