Norway’s Central Bank Sells Apple Stock. It Bought Nvidia, Plug Power, And NIO

Mar 13, 2022

Norway's central bank has reduced its exposure to Apple stock while increasing its stakes in alternative-fuel car ecosystems and microchips.

Norges Bank sold Apple shares in the fourth quarter and purchased shares in Nvidia, Plug Power, and NIO. Among other things, the bank revealed the stock purchases in an updated form filed last week with the Securities and Exchange Commission.

Norges responded that it does not comment on specific investments. As of the end of 2021, the bank's total assets were at $1.47 trillion.

The bank sold 26.8 million Apple shares, bringing its total holdings in the iPhone and Mac companies to 142.1 million at the end of the fourth quarter. Apple rose 33.8% in 2021, outpacing the S&P 500 index's 27% climb. The stock has declined 13% so far this year, although it is less than the index's decrease of 12%.

Among the devices presented at Apple's product launch event last week were a 5G version of the iPhone SE and Mac Studio, a workstation geared at design professionals. Apple posted solid results for the December quarter at the end of January. Earlier this month, experts said that Apple and other large technology firms' stocks may be on the verge of rising.

Nvidia is yet another high-profile technology company that has been losing money in 2022. The stock of the graphics-chip titan is down 25% year to date. Nvidia's shares, on the other hand, skyrocketed 125% in 2021. Norges Bank increased its stake in Nvidia by 15.4 million shares, bringing its total assets to 21.3 million at the end of 2021.

Last month, Nvidia canceled a proposed acquisition of semiconductor creator Arm. Nvidia later announced a solid fiscal fourth quarter, and CEO Jensen Huang stated that the business was "seeing tremendous demand." Despite the solid figures and outlook, Nvidia shares dropped, but Wall Street stayed bullish on the company.

The shares of electric and alternative-fuel vehicles haven't been doing well so far in 2022. Plug Power, a hydrogen fuel-cell tech company, has seen its stock fall 13% year to date, while Chinese electric-vehicle producer NIO's American depositary receipts have fallen 49%. The stocks of Plug Power and NIO did not do much better in 2021, with decreases of 17% and 35%, respectively.

Norges Bank purchased 2.6 million more Plug Power shares and 3.2 million more NIO ADRs in the fourth quarter, bringing its total holdings to 7.4 million Plug Power shares and 13.7 million NIO ADRs by the end of the last year.

Plug Power stated earlier in March that fourth-quarter losses were anticipated, but the forecast was bright, and the profile of hydrogen technology has been rising. At the same time, NIO stock just started trading in Hong Kong, where they finished in the negative on their first day of trading. NIO's sales decreased in February compared to January, while other Chinese EV startups experienced the same decline.

Subscribe Our Newsletter

A Strong Stock-Market Rally Could Be Coming Later This Year
A Strong Stock-Market Rally Could Be Coming Later This Year

It is extremely difficult to correctly time the stock market. However, the chances may be in your favor in 2022. Several historical trends are pointing to a significant rebound later this year.

Stocks
Bitcoin Is Increasing in Value Following The UBS-Credit Suisse Deal

Milena

Bitcoin Is Increasing in Value Following The UBS-Credit Suisse Deal.

Concerns about the banking sector might encourage the Fed to take a less aggressive approach to interest rates, which would benefit cryptocurrencies.

Crypto
Tamta

What Is ChatGPT, And How Can You Use It?
Artificial Intelligence (AI) has been gradually waving into our daily lives for ages. For instance, Gmail's helpful phrase suggestions or our smartphones' autocorrect features are examples of AI work. However, AI's integration into our lives has never been as profound as today. A major reason for the increasing hype is the introduction of ChatGPT.

discover
What is Liquidity Pool Liquidity Provider articles

Liquidity Provider

What is Liquidity Pool? The Importance of a Reliable Liquidity Provider

Let's find out what is a liquidity pool, how does liquidity impacts brokerages, and how to choose the best liquidity pool provider.

Liquidity

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    Is IUL a Good Investment Strategy? — A Guide for Beginner Investors

    Is IUL a Good Investment Strategy?

    Alexander

    Are Crypto Wallets Safe? — Tips to Ensure Maximum Protection of Your Digital Assets.

    Tips to Ensure Maximum Protection of Your Digital Assets

    Alexander

    Roth IRA Guide: What It Is and What You Need to Know.

    Roth IRA Guide: What It Is and What You Need to Know

    Alexander

    From Gold to Index Funds and Crypto: Where to Invest in 2023 for Long Term?

    From Gold to Index Funds and Crypto: Where to Invest in 2023

    Alexander

    Understanding Algorithmic Trading: A Guide for Beginners

    Understanding Algorithmic Trading: A Guide

    Alexander

    Stop Vs. Stop-Limit Order: How Do They Differ?

    Stop Vs. Stop-Limit Order: How Do They Differ

    Alexander

    Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

    Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

    Deborah Middleton

    How MEC Rules Can Impact Your Life Insurance Policy

    How MEC Rules Can Impact Your Life Insurance Policy.

    Deborah Middleton

    Navigating the Ethical Landscape of AI: Challenges and Solutions

    Navigating the Ethical Landscape of AI: Challenges and Solutions

    Deborah Middleton

    Managing Your Financials The Right Way – A Startup Guide 

    Managing Your Financials The Right Way - A Startup Guide

    Anna

    A Beginner Guide To The Crypto Analysis Tools.

    A Beginner Guide To The Crypto Analysis Tools.

    Anna

    A Brief Introduction to Scalping

    A Brief Introduction to Scalping.

    Anna

    How to Invest in Stocks: A Beginner’s Guide

    How to Invest in Stocks: A Beginner’s Guide

    Anna

    Tips On Finding Crypto Liquidity Providers In 2023

    Tips On Finding Crypto Liquidity Providers In 2023.

    Anna

    Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading

    Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading

    Anna

    A Brief and Comprehensive Guide to Spot Trading.

    A Brief and Comprehensive Guide to Spot Trading.

    Anna

    What is The Difference Between Liquidity Provider and Liquidity Aggregator?

    What is The Difference Between Liquidity Provider and Liquidity Aggregator?

    Tamta

    What Is SWIFT Banking System?

    What Is SWIFT Banking System?

    Tamta

    How Liquidity Providers Drive The Foreign Exchange Market

    How Liquidity Providers Drive The Foreign Exchange Market

    Tamta

    How to Start Investing In Crypto

    How to Start Investing In Crypto

    Tamta

    5 Best Crypto CFD Liquidity Providers 2023

    5 Best Crypto CFD Liquidity Providers 2023.

    Tamta

    The Power Of Liquidity For Crypto Exchanges

    The Power Of Liquidity For Crypto Exchanges

    Tamta

    Institutional Forex Liquidity Explained: Why Do We Need It?

    Institutional Forex Liquidity Explained: Why Do We Need It?

    Tamta

    What Is Return On Investment (ROI), And How Can You Calculate It?

    What Is Return On Investment (ROI), And How Can You Calculate It?
    Latest News - Liquidity Provider: Business & FinTech Media
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site.