Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year's tech rally.

Norway’s $1.8 trillion sovereign wealth fund returned 13%, or $222 billion, last year, driven by a booming US technology sector.

Norway's sovereign wealth fund, the largest globally, achieved a record profit of 2.51 trillion crowns in 2024, primarily due to a tech stock rally. However, CEO Nicolai Tangen cautioned that such high returns may not persist.