Nicolai Tangen, chief executive officer of Norges Bank Investment Management, discusses artificial intelligence, the speed of innovation in China and why he thinks real estate is attractive now. Speaking to Bloomberg's Francine Lacqua at NBIM's annual investment conference in Oslo, Tangen also says he sees signs of worry in private markets and that there is a "surprising" lack of market dislocatio...
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, discusses artificial intelligence, the speed of innovation in China and why he thinks real estate is attractive now. Speaking to Bloomberg's Francine Lacqua at NBIM's annual investment conference in Oslo, Tangen also says he sees signs of worry in private markets and that there is a "surprising" lack of market dislocation. (Source: Bloomberg)
Richard Drury/DigitalVision via Getty Images Market Overview Mid-cap stocks delivered mixed results in the first quarter as value notably outperformed growth. Among the style indexes, the Russell Midcap® Growth Index (down 6.35%) trailed the Russell Midcap® Value Index (up 3.69%) as only three sectors in the growth index produced positive results. Energy (up 45.23%) was the standout, notably outpa...
Richard Drury/DigitalVision via Getty Images Market Overview Mid-cap stocks delivered mixed results in the first quarter as value notably outperformed growth. Among the style indexes, the Russell Midcap® Growth Index (down 6.35%) trailed the Russell Midcap® Value Index (up 3.69%) as only three sectors in the growth index produced positive results. Energy (up 45.23%) was the standout, notably outpacing other sectors in the growth index as well as its value peers. Industrials (up 8.86%), the only other sector to outperform its value counterparts, and materials (up 8.02%) were additional sectors that finished in the green. Consumer staples (down 0.31%) and real estate (down 5.40%) outperformed the growth index on a relative basis but lagged their value counterparts. Utilities (down 7.13%) underperformed its value counterparts to a notable degree. Consumer discretionary (down 9.66%) and healthcare (down 10.15%) underperformed the growth index and their value counterparts, but to a lesser extent than information technology (down 13.66%), which was the largest performance detractor. Financials (down 18.69%) and communication services (down 21.53%) were the weakest performers, dragging on overall index performance despite their modest index weights. Portfolio Review Top securities Vertiv Holdings ( VRT ), a global leader in critical infrastructure for data centers and communication networks, delivered a quarter that significantly exceeded even the most bullish expectations. Strength was particularly evident in orders and backlog, providing strong visibility into future growth. The company is well positioned to benefit from accelerating data center investment, driven by rapid expansion in high-performance computing and artificial intelligence (AI). Vertiv's leadership in power and thermal management, combined with strategic relationships across leading semiconductor manufacturers and hyperscale customers, reinforces its role as a key enabler of next-generation AI infrastruc...
More on Novartis Novartis: Buy Thesis Fades Into Q1 2026 Results (Rating Downgrade) Novartis Promises Growth Despite 'Historic' Patent Cliffs - I Broadly Agree Novartis: Synnovation Deal And 8% Full-Year 2025 Sales Growth Novartis Q1 2026 Earnings Preview Novartis pulls bid to expand Pluvicto label for prostate cancer in EU
More on Novartis Novartis: Buy Thesis Fades Into Q1 2026 Results (Rating Downgrade) Novartis Promises Growth Despite 'Historic' Patent Cliffs - I Broadly Agree Novartis: Synnovation Deal And 8% Full-Year 2025 Sales Growth Novartis Q1 2026 Earnings Preview Novartis pulls bid to expand Pluvicto label for prostate cancer in EU
Matveev_Aleksandr/iStock via Getty Images Investor sentiment towards Velo3D, Inc.'s ( VELO ) business has surged in recent months, driven by expectations of a growth acceleration and a transition to profitability. Much of this optimism stems from Velo3D's high-profile customers, like SpaceX. Velo3D's shift towards a service model (Rapid Production Solutions) is also expected to create stronger gro...
Matveev_Aleksandr/iStock via Getty Images Investor sentiment towards Velo3D, Inc.'s ( VELO ) business has surged in recent months, driven by expectations of a growth acceleration and a transition to profitability. Much of this optimism stems from Velo3D's high-profile customers, like SpaceX. Velo3D's shift towards a service model (Rapid Production Solutions) is also expected to create stronger growth and margins. I tend to think that this is the better way of monetizing additive manufacturing technology, particularly when targeting high-value use cases, as Velo3D will be able to capture more of the value that it creates. The service model should also appeal to customers who are reluctant to make a significant investment in hardware. Guidance is dependent on this transition working, though, and Velo3D will need to make substantial capital investments in the coming years. I previously suggested that Velo3D had no room for error due to its weak balance sheet and ongoing losses. Aside from this, I have always felt that the company has had interesting technology that could form the basis of a solid business. Somewhat surprisingly, this hasn't translated into meaningful commercial success so far, though. While macro conditions have been challenging in recent years, Velo3D's focus on aerospace and defense should have limited the impact of this, suggesting company-specific issues. Bankruptcy risk and reliability concerns appear to have prevented some customers from scaling in the past, although this should now be less of a concern. As a result, it is reasonable to expect stronger growth going forward. Despite this, I am not convinced that Velo3D has enough differentiation to create a strong business or that its niche solution provides a large enough end market to create strong returns for investors. Market Conditions Velo3D has always had a focus on space, defense, and aerospace due largely to the ability of its technology to produce metal parts with complex internal geomet...
(RTTNews) - Asian stocks ended mostly lower on Tuesday as U.S.-Iran talks remained at a standstill and investors braced for the earnings releases of the Magnificent Seven companies this week.
(RTTNews) - Asian stocks ended mostly lower on Tuesday as U.S.-Iran talks remained at a standstill and investors braced for the earnings releases of the Magnificent Seven companies this week.