▶ 17:38 · $GOOGL · Alphabet reclaims AI crown with Gemini 3 launch

episode briefing

Results 2025 | Norges Bank Investment Management

2026-01-29 · 5 company · 7 thematic

sentiment

5 bull0 bear0 neu

speakers

Karina Sucha manages hardware technology investments for NBIM. She reviews 2025 tech sector performance, highlighting semiconductor outperformance, Alphabet's Gemini 3 success, and enterprise AI adoption metrics.

haral fon hayen

Haral Fon Hayen leads NBIM's renewable energy and infrastructure investments. He details the fund's aggressive 2025 deployment including a 22% stake in TenneT Germany, RWE offshore wind partnership, and the shift from green premium to green discount.

quote

“Among the tech giants, Alphabet stood out as a clear winner, reclaiming the AI crown, at least for now, with the successful launch of Gemini 3.”

—karina sucha

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ChatGPT reaches 800 million weekly users

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NBIM partners with RWE for major offshore wind positions

NBIM formed a new partnership with RWE in 2025 securing significant positions in Europe's largest offshore wind parks, more than doubling their renewable portfolio.

$TENNETbullish· high· posharal fon hayen

NBIM acquires 22% stake in Germany's largest grid operator TenneT

NBIM secured a 22% stake in TenneT Germany, the largest transmission system operator, viewing critical grid infrastructure as essential for energy transition and energy security.

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