News about shares, stock market and technology

Artificial intelligence, currently the best example of software that impacts (or "eats") the world, also requires massive investments in hardware. AI is born, trained, and thrives in data centers, solid buildings filled with tangible items. Hardware has made a comeback.

Data, which is what all AI requires to be trained and become effective, has been called the New Oil. If one is to believe Sam Altman at OpenAI, it is rather computational power ("compute") that is today's most valuable raw material. If you will: sand (silicon) is the new oil.

After a couple of years of declines, especially for Nordic small and mid-sized companies, things had thawed considerably ahead of the reporting period. At the same time, the economy is a concern. How did the largest positions in TIN New Technology perform when the Q4 reports were examined?

During February, the vast majority of companies presented their results for the fourth quarter and full year of 2023. Similar to many times before, our overall impression was overwhelmingly positive, with the difference that companies delivering strong figures were now also generously rewarded by the stock market. The difference was most evident at the beginning of the month when most of the funds' larger holdings reported. Towards the end of the period, unfortunately, we also had to note some disappointments. Overall, the positive momentum we saw in January continued, and we are pleased with a really strong start to the year.

Last year's ICE was very successful, and we returned with insights that supported our continued confidence in both Evolution and Kindred. What are the conditions for further unleashing the innovation power in the Nordic igaming companies

American tech giants soar – the Nordics stall. The last few years have been a trial for Nordic tech companies on the stock market, where their mediocre returns are compared to the astonishing performance that American tech giants have delivered to their shareholders. Time for a turnaround?

"As January goes, so goes the year," claims the stock market's farmer's almanac. If this holds true, the end result for 2024 could turn out to be really good, but the journey there might include severe fluctuations, which could be quite challenging. As if the roller coaster of the past few years weren't enough. The market started weak during the first week of the period but recovered the fall during the second week. Only to drop sharply for a few days, before a choppy but strong finish.

Every now and then, it happens. A small studio creates a game that becomes a monster hit overnight.

We are now closing our fifth year of operations and looking back on yet another eventful year. A warm thank you to all you shareholders for the trust in managing a part of your investments.