Singapore's Temasek buys more than $3bn ahead of U.S. tech crash
2024-08-20 09:46:00

Asia Tech Wire (Aug 20) -- Singapore's Temasek Holdings Ltd. added $3.3 billion to the value of its holdings in 11 large tech companies in the second quarter ending June 30, 2024, according to its two latest 13F filings.

Notably, about $3.2 billion went into six of those companies - Microsoft, Apple, Nvidia, Alphabet, Meta Platforms and Amazon.

However, by the end of July, most of these companies were down due to concerns about AI-related earnings and fears of a recession.

It is unclear what the Singapore-based firm has invested in since June 30th.

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