Populære aksjer har falt tungt: – Kunne ikke brydd meg mindre

Popular stocks have plummeted dramatically in recent weeks, causing widespread disarray across markets. This sentiment extends from oil funds to Norwegian retail investors who have significant holdings in US tech companies, both directly and through global index funds. Index funds attempt to mirror a particular market or sector, and with companies like Nvidia, Apple, Tesla, and Microsoft commanding high market values, a substantial portion of global index funds also contains many of these stocks.

When SpaceX and Tesla fell, it marked the worst trading day for Nasdaq 5.52% since March, with the S&P 500 index also experiencing its steepest day of the year. The so-called fear index, measuring fluctuations in the S&P 500, reached its highest level since March.

Retail investors have managed to sleep soundly despite the volatility, as Per Tarjei Åsvold explains, stating he has no qualms about his investments. The focus is no longer on short-term market movements, but rather on long-term gains in five to ten years. His portfolio is worth approximately 3.4 million kroner in Tesla stocks, along with a smaller share in SpaceX. Åsvold is keen to increase his exposure to SpaceX, believing it to be extremely cheap at the moment.

Formue's chief strategist, Christian Lie, attributes the recent downturn in the technology sector to a waning euphoria that began in spring and summer. He suggests that companies related to data center expansion, memory chips, and semiconductors have gradually declined since May and June.

Lie does not specifically follow individual stocks but recognizes a trend in the market. Companies in the AI sector, he notes, may have less robust business models and are more speculative. While Åsvold has been a heavy investor in Tesla, he has sold some stocks to invest in other projects and has been working voluntarily without any income, forcing him to sell stocks when the prices weren't favorable.

Despite Tesla being a major focus for Åsvold, he acknowledges Elon Musk's optimistic outlook on the future of self-driving cars and robotic services. He believes Tesla's success may hinge on the development of self-driving taxis and monthly subscriptions for these Tesla robots. However, he is cautious about potential risks, particularly if a few large AI companies become the most significant clients, and believes not all AI startups will succeed.

Åsvold remains prepared to take risks, stating he never wants to be the person who sits and worries about their money and is afraid to lose it. He has faith in himself and his ability to start over from scratch. While he has primarily invested in two companies, analysts recommend diversifying risks across multiple companies or funds.

Christian Lie from Formue warns that global index funds often concentrate significant assets in a few companies, making up a quarter of the global index. He advises investors to be cautious when allocating their tech funds and to avoid overexposure to AI. Despite this, he believes the demand for data storage and computing power in AI will continue to grow.