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   "article_id" : 118212,
   "author" : "Jonas Christensen",
   "category" : "Nyheter, Finans",
   "change_type" : "update",
   "content" : "# Fire gode grunner til fortsatt aksjeopptur\n\nSkremmeskuddene hagler om høy prising, KI\\-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.\n\n- Jonas Christensen\n\n- Journalist\n\nOmtrent over alt i verden er det satt stadig nye børsrekorder i år.\n\nSer man bort ifra koronakrakket, som sett i bakspeilet nesten var over før det hadde begynt, skal vi tilbake til finanskrisen i 2008–2009 for å finne en periode med et kraftig og gjennomgripende børsfall som tok år å hente igjen.\n\nIkke rart noen kanskje får høydeskrekk. Spesielt ikke når det ukentlig ropes varsko om overinvesteringer i KI, høyt prisede aksjer, uforutsigbare presidenter og det dras sammenligninger til dotcom.\n\nMen i stedet for å la nervene plages av alskens potensielle farer, tillater vi oss denne gangen å dvele ved det gode.\n\nDN har snakket med tre aktører i markedet og samlet fire gode grunner til at børsfesten kan fortsette.\n\n## 1. Økonomisk vekst\n\nEn fellesnevner blant alle er økonomisk vekst, og det er dermed første argument ut.\n\nI Europa ventes det høyere økonomisk vekst i år, særlig i regionens største økonomi Tyskland som står overfor stor opprustning av militæret og massive investeringer i infrastruktur. I Japan har markedet forelsket seg i statsminister Sanae Takaichis ekspansive pengepolitikk.\n\nKina er alltid en joker, men Formues sjefstrateg Christian Lie er optimist.\n\n– Budsjettunderskuddet i Kina er det største noensinne, som sammen med fortsatt sterk eksportvekst og betydelig satsing på teknologiområdet kan kompensere for motvinden fra eiendomsmarkedene, lav forbruksvilje og demografi, sier han.\n\nEn svakere dollar kan attpåtil gjøre det lettere å betjene dollargjeld, samtidig som det kan øke flyten av kapital til land utenom USA. I tillegg er relativt lave oljepriser positivt for store deler av verdensøkonomien.\n\nMen viktigst av alt er selvfølgelig utviklingen i kapitalismens vugge USA.\n\nHer trekkes skattekutt og større tilbakebetalinger av skatt frem som viktig, samt nye avskrivningerregler for bedrifter og deregulering av finanssektoren. Det er fortsatt priset inn noen rentekutt i år og det planlegges enorme investeringer fra teknologigigantene.\n\n– Som en av få store økonomier i verden er produktivitetsveksten i USA på vei opp, noe som både kan løfte vekstpotensialet og begrense inflasjonen dersom trenden vedvarer, sier Lie.\n\n## 2. Inntjening\n\nØkonomisk vekst og inntjening går ofte hånd i hånd.\n\n– Til syvende og sist er det selskapenes evne til å generere inntjening som driver aksjemarkedet høyere, sier investeringsstrateg Joachim Bernhardsen i Nordea.\n\nHans konklusjon er klar: Hverken verdsettelse, valuta eller sentiment kan bidra til økt avkastning inn i evigheten.\n\nOg når inntjening er alfa og omega, mener han det er verdt å spørre seg om uro i verdens kriker og kroker påvirker nettopp inntjeningen. Vil Nvidia for eksempel selge færre databrikker som følge av spenning i Midtøsten. Neppe. Han minner om at selskapene på S&P 500 ligger an til å levere knallsterke 13 prosent inntjeningsvekst i fjerde kvartal. Strategen tror bildet vil vedvare.\n\n– Det er hovedårsaken til at jeg har tro på aksjemarkedet, sier han.\n\nLie i Formue er enig.\n\nFor året ventes 11 prosent vekst i inntjening for europeiske selskaper, enda mer for amerikanske og mye mer i fremvoksende markeder. Og om aksjeanalytikerne får like rett om årets selskapsinntjening som fjorårets, vil det gi aksjemarkedet solid støtte, tror Lie.\n\n– Dette blir spesielt viktig i en tid med høy verdsettelse, ikke bare i USA, men også i Europa der kursene har steget hovedsakelig fordi verdsettelsen – ikke inntjeningen – har steget.\n\n## 3. Verdsettelse\n\nTradisjonelle verdsettelsesmetoder som pris/inntjening og pris/bok indikerer at det amerikanske aksjemarkedet er nokså høyt priset. Ikke alle mener dette nødvendigvis er de beste metodene for å verdsette tek\\-giganter med massive investeringer i KI foran seg.\n\nBorea\\-forvalter Audhild Aabø argumenterer dessuten for at bildet er mer nyansert enn overskriftene tilsier.\n\nFor det første mener hun debatten rundt prising drives av et fåtall store selskaper som trekker opp snittet betydelig. Utenfor disse mener hun det er mange aksjer og sektorer som ikke fremstår spesielt høyt priset.\n\n– For det andre kan markedet over tid «vokse inn i prisingen». Dersom selskapenes inntjening fortsetter å øke, kan aksjer gi god avkastning selv uten at multipler stiger videre, sier hun.\n\nBernhardsen i Nordea peker på de samme tingene. Han synes ikke dagens prising av Nasdaq på 25 ganger inntjeningen er skremmende. Senest i høst ble denne teknologiindeksen priset til 30 ganger inntjening. Grunnen til at prisingen er kommet ned er fordi Nasdaq\\-indeksen har beveget seg sidelengs, mens inntjeningen har økt.\n\n## 4. Historisk investeringsbølge\n\nBare i år vil de fire store tek\\-gigantene Alphabet, Amazon, Meta og Microsoft potensielt investere for rundt 650 milliarder dollar. Det tilsvarer omtrent tre norske statsbudsjetter. Mye av dette vil gå til kunstig intelligens.\n\nSelv om enkelte populære KI\\-aksjer kan ha fått lykkeprising, minner Aabø i Borea om at det er viktig å skille mellom høy prising i enkeltaksjer og at KI som teknologiskifte ikke er reelt.\n\n– Store selskaper investerer nå betydelige beløp i datasentre, programvare og infrastruktur, og dette er en faktisk investeringsbølge som resulterer i reell ordreinngang og inntekter, konstaterer hun, og fortsetter:\n\n– Det betyr at selv om noen enkeltaksjer kan korrigere kraftig, kan det fortsatt ligge attraktive muligheter i selskaper som leverer på «andre og tredje rad» i verdikjeden.\n\nSjefstrateg Lie ser intet mindre enn en ny økonomisk æra vokse frem.\n\nHan viser til at den amerikanske storbanken Bank of America anslår at det samlede investeringsnivået innen blant annet teknologi, forsvar, sikkerhet, energi, infrastruktur og klimatilpasning skal firedobles fra 2025 til 2030. Det skal være snakk om mellom 9000 og 13.000 milliarder dollar årlig i perioden.\n\n– I utgangspunktet kan dette bli en betydelig medvind for global økonomi og næringsliv det kommende årene, sier han.",
   "created_at" : "2026-02-23 18:31:15",
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   "metadata" : "{\"raw_feed_item\":\"<item>\\r\\n      <title>Fire gode grunner til fortsatt aksjeopptur</title>\\r\\n      <link>https://www.dn.no/bors/fire-gode-grunner-til-fortsatt-aksjeopptur/2-1-1942285</link>\\r\\n      <description>Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.</description>\\r\\n      <category>Nyheter</category>\\r\\n      <category>Finans</category>\\r\\n      <pubDate>Mon, 23 Feb 2026 11:35:18 +0100</pubDate>\\r\\n      <author>Jonas Christensen</author>\\r\\n      <guid>https://www.dn.no/bors/fire-gode-grunner-til-fortsatt-aksjeopptur/2-1-1942285</guid>\\r\\n      <media:content type=\\\"image/jpeg\\\" url=\\\"https://images.dn.no/image/QThHYklHSVFSVHdDYnVLb3d2SnZqUVVja2FvQ1hTU3dlcVZadmlGSm9BMD0=/nhst/binary/3b34e66d065ce3f65e8b253255eaef25\\\">\\r\\n        <media:copyright>DN Media Group</media:copyright>\\r\\n        <media:description type=\\\"plain\\\">Investeringsstrateg Joachim Bernhardsen, forvalter Audhild Aabø og sjefstrateg Christian Lie er alle skjønt enige om en viktig felles driver for markedet. Foto: Ole Berg-Rusten/NTB, Paul S. Amundsen og Øyvind Elvsborg</media:description>\\r\\n      </media:content>\\r\\n      <dcterms:modified>2026-02-23T13:07:26Z</dcterms:modified>\\r\\n      <dc:type>news</dc:type>\\r\\n      <dc:identifier>2-1-1942285</dc:identifier>\\r\\n    </item>\",\"title\":\"Fire gode grunner til fortsatt aksjeopptur\",\"description\":\"Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.\",\"category\":\"Nyheter, Finans\",\"author\":\"Jonas Christensen\",\"og\":{\"title\":\"Fire gode grunner til fortsatt aksjeopptur\",\"description\":\"Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.\",\"site\":\"DN.no\",\"site_name\":\"DN.no\",\"type\":\"article\",\"url\":\"https://www.dn.no/bors/fire-gode-grunner-til-fortsatt-aksjeopptur/2-1-1942285\",\"image\":\"https://image.dngroup.com/dn/nhst/binary/3b34e66d065ce3f65e8b253255eaef25?crop=1290%2C645%2Cx0%2Cy47%2Csafe&width=1200&format=webp&quality=80\",\"image:width\":\"1000\",\"image:height\":\"600\"},\"published_at\":null,\"image_url\":\"https://image.dngroup.com/dn/nhst/binary/3b34e66d065ce3f65e8b253255eaef25?crop=1290%2C645%2Cx0%2Cy47%2Csafe&width=1200&format=webp&quality=80\",\"schema\":{},\"content\":\"# Fire gode grunner til fortsatt aksjeopptur\\n\\nSkremmeskuddene hagler om høy prising, KI\\\\-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.\\n\\n- Jonas Christensen\\n\\n- Journalist\\n\\nOmtrent over alt i verden er det satt stadig nye børsrekorder i år.\\n\\nSer man bort ifra koronakrakket, som sett i bakspeilet nesten var over før det hadde begynt, skal vi tilbake til finanskrisen i 2008–2009 for å finne en periode med et kraftig og gjennomgripende børsfall som tok år å hente igjen.\\n\\nIkke rart noen kanskje får høydeskrekk. Spesielt ikke når det ukentlig ropes varsko om overinvesteringer i KI, høyt prisede aksjer, uforutsigbare presidenter og det dras sammenligninger til dotcom.\\n\\nMen i stedet for å la nervene plages av alskens potensielle farer, tillater vi oss denne gangen å dvele ved det gode.\\n\\nDN har snakket med tre aktører i markedet og samlet fire gode grunner til at børsfesten kan fortsette.\\n\\n## 1. Økonomisk vekst\\n\\nEn fellesnevner blant alle er økonomisk vekst, og det er dermed første argument ut.\\n\\nI Europa ventes det høyere økonomisk vekst i år, særlig i regionens største økonomi Tyskland som står overfor stor opprustning av militæret og massive investeringer i infrastruktur. I Japan har markedet forelsket seg i statsminister Sanae Takaichis ekspansive pengepolitikk.\\n\\nKina er alltid en joker, men Formues sjefstrateg Christian Lie er optimist.\\n\\n– Budsjettunderskuddet i Kina er det største noensinne, som sammen med fortsatt sterk eksportvekst og betydelig satsing på teknologiområdet kan kompensere for motvinden fra eiendomsmarkedene, lav forbruksvilje og demografi, sier han.\\n\\nEn svakere dollar kan attpåtil gjøre det lettere å betjene dollargjeld, samtidig som det kan øke flyten av kapital til land utenom USA. I tillegg er relativt lave oljepriser positivt for store deler av verdensøkonomien.\\n\\nMen viktigst av alt er selvfølgelig utviklingen i kapitalismens vugge USA.\\n\\nHer trekkes skattekutt og større tilbakebetalinger av skatt frem som viktig, samt nye avskrivningerregler for bedrifter og deregulering av finanssektoren. Det er fortsatt priset inn noen rentekutt i år og det planlegges enorme investeringer fra teknologigigantene.\\n\\n– Som en av få store økonomier i verden er produktivitetsveksten i USA på vei opp, noe som både kan løfte vekstpotensialet og begrense inflasjonen dersom trenden vedvarer, sier Lie.\\n\\n## 2. Inntjening\\n\\nØkonomisk vekst og inntjening går ofte hånd i hånd.\\n\\n– Til syvende og sist er det selskapenes evne til å generere inntjening som driver aksjemarkedet høyere, sier investeringsstrateg Joachim Bernhardsen i Nordea.\\n\\nHans konklusjon er klar: Hverken verdsettelse, valuta eller sentiment kan bidra til økt avkastning inn i evigheten.\\n\\nOg når inntjening er alfa og omega, mener han det er verdt å spørre seg om uro i verdens kriker og kroker påvirker nettopp inntjeningen. Vil Nvidia for eksempel selge færre databrikker som følge av spenning i Midtøsten. Neppe. Han minner om at selskapene på S&P 500 ligger an til å levere knallsterke 13 prosent inntjeningsvekst i fjerde kvartal. Strategen tror bildet vil vedvare.\\n\\n– Det er hovedårsaken til at jeg har tro på aksjemarkedet, sier han.\\n\\nLie i Formue er enig.\\n\\nFor året ventes 11 prosent vekst i inntjening for europeiske selskaper, enda mer for amerikanske og mye mer i fremvoksende markeder. Og om aksjeanalytikerne får like rett om årets selskapsinntjening som fjorårets, vil det gi aksjemarkedet solid støtte, tror Lie.\\n\\n– Dette blir spesielt viktig i en tid med høy verdsettelse, ikke bare i USA, men også i Europa der kursene har steget hovedsakelig fordi verdsettelsen – ikke inntjeningen – har steget.\\n\\n## 3. Verdsettelse\\n\\nTradisjonelle verdsettelsesmetoder som pris/inntjening og pris/bok indikerer at det amerikanske aksjemarkedet er nokså høyt priset. Ikke alle mener dette nødvendigvis er de beste metodene for å verdsette tek\\\\-giganter med massive investeringer i KI foran seg.\\n\\nBorea\\\\-forvalter Audhild Aabø argumenterer dessuten for at bildet er mer nyansert enn overskriftene tilsier.\\n\\nFor det første mener hun debatten rundt prising drives av et fåtall store selskaper som trekker opp snittet betydelig. Utenfor disse mener hun det er mange aksjer og sektorer som ikke fremstår spesielt høyt priset.\\n\\n– For det andre kan markedet over tid «vokse inn i prisingen». Dersom selskapenes inntjening fortsetter å øke, kan aksjer gi god avkastning selv uten at multipler stiger videre, sier hun.\\n\\nBernhardsen i Nordea peker på de samme tingene. Han synes ikke dagens prising av Nasdaq på 25 ganger inntjeningen er skremmende. Senest i høst ble denne teknologiindeksen priset til 30 ganger inntjening. Grunnen til at prisingen er kommet ned er fordi Nasdaq\\\\-indeksen har beveget seg sidelengs, mens inntjeningen har økt.\\n\\n## 4. Historisk investeringsbølge\\n\\nBare i år vil de fire store tek\\\\-gigantene Alphabet, Amazon, Meta og Microsoft potensielt investere for rundt 650 milliarder dollar. Det tilsvarer omtrent tre norske statsbudsjetter. Mye av dette vil gå til kunstig intelligens.\\n\\nSelv om enkelte populære KI\\\\-aksjer kan ha fått lykkeprising, minner Aabø i Borea om at det er viktig å skille mellom høy prising i enkeltaksjer og at KI som teknologiskifte ikke er reelt.\\n\\n– Store selskaper investerer nå betydelige beløp i datasentre, programvare og infrastruktur, og dette er en faktisk investeringsbølge som resulterer i reell ordreinngang og inntekter, konstaterer hun, og fortsetter:\\n\\n– Det betyr at selv om noen enkeltaksjer kan korrigere kraftig, kan det fortsatt ligge attraktive muligheter i selskaper som leverer på «andre og tredje rad» i verdikjeden.\\n\\nSjefstrateg Lie ser intet mindre enn en ny økonomisk æra vokse frem.\\n\\nHan viser til at den amerikanske storbanken Bank of America anslår at det samlede investeringsnivået innen blant annet teknologi, forsvar, sikkerhet, energi, infrastruktur og klimatilpasning skal firedobles fra 2025 til 2030. Det skal være snakk om mellom 9000 og 13.000 milliarder dollar årlig i perioden.\\n\\n– I utgangspunktet kan dette bli en betydelig medvind for global økonomi og næringsliv det kommende årene, sier han.\",\"meta\":{\"article:modified_time\":\"2026-02-23T13:07:26Z\",\"paywall:module\":\"cpp-article\",\"article:section\":\"Børs\",\"theme-color\":\"#ffffff\",\"apple-itunes-app\":\"app-id=1518764819\",\"article:published_time\":\"2026-02-23T10:35:18Z\",\"description\":\"Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.\",\"paywall:article_type\":\"cpp\",\"viewport\":\"width=device-width, initial-scale=1\",\"google-play-app\":\"app-id=app-id=no.dn.dn2020\",\"robots\":\"max-image-preview:large,index,follow\"},\"source_updated_at\":null,\"keywords\":[\"Børs\"],\"twitter\":{\"image:src\":\"https://image.dngroup.com/dn/nhst/binary/3b34e66d065ce3f65e8b253255eaef25?crop=1290%2C645%2Cx0%2Cy47%2Csafe&width=1200&format=webp&quality=80\",\"creator\":\"DN.no\",\"site\":\"DN.no\",\"card\":\"summary_large_image\",\"domain\":\"www.dn.no\",\"description\":\"Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.\",\"title\":\"Fire gode grunner til fortsatt aksjeopptur\"},\"is_paywalled\":0}",
   "og_title" : "Fire gode grunner til fortsatt aksjeopptur",
   "published_at" : "2026-02-23 10:35:18",
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0-2.336-.158-4.244-.357-3.15-.327-7.326-.762-10.942-.762-7.155 0-19.052 3.832-19.052 16.536 0 10.313 6.85 13.432 13.512 16.466q.695.316 1.384.634c.674.307 1.354.61 2.031.911l.002.001.006.003.003.001c6.126 2.727 12.079 5.376 12.079 10.674 0 7.194-6.483 9.066-10.446 9.066-7.738 0-13.253-7.103-14.218-15.325h-2.708v17.378h2.708c2.901 0 5.488.258 8.075.516\" fill=\"var(--logo-primary)\"></path><path d=\"M696.155 74.009v-2.52c-1.644 0-3.091 0-4.544-1.405-1.352-1.402-1.837-3.365-1.837-19.904V1.963h-20.02V4.58l.265-.003c.999-.017 2.977-.05 4.47 1.31 1.451 1.308 1.642 2.616 1.642 19.158V50.18c0 16.166-.191 18.502-1.543 19.904-1.451 1.406-3.095 1.406-4.739 1.406v2.519zM703.522 7.755c0 4.299 3.579 7.946 8.121 7.946 4.55 0 8.124-3.647 8.124-7.946 0-4.3-3.576-7.755-8.124-7.755-4.542 0-8.121 3.456-8.121 7.755M725.571 74.01v-2.525c-1.646 0-3.093 0-4.545-1.402-1.352-1.4-1.836-3.362-1.836-19.904V18.69h-20.022v2.617q.117 0 .266-.004c1-.016 2.976-.05 4.471 1.31 1.454 1.313 1.645 2.619 1.645 19.158v8.41c0 16.165-.191 18.503-1.546 19.903-1.45 1.402-3.095 1.402-4.741 1.402v2.525zM777.635 20.732l.365-.078v-1.96h-17.696v1.962c3.091.563 5.898 1.5 5.898 4.115 0 4.764-10.059 31.49-10.059 31.49l-8.318-22.706c-2.029-5.516-2.61-7.476-2.61-8.971 0-1.87 2.414-3.365 6.188-3.928v-1.962h-28.625v1.962c3.576.841 5.709 1.498 7.639 6.638l2.901 7.661 14.702 40.273h5.025l17.703-48.87c1.686-4.528 3.193-4.846 6.887-5.626\" fill=\"var(--logo-primary)\"></path></svg><!--]--></a><!----><!----></div><!----><!----><div class=\"header-menu-content\"><button aria-label=\"Søk\" class=\"search-button atlas-button icon-prop-applied prepend search-button\" style=\"\" type=\"button\"><svg aria-label=\"search\" class=\"icon-prop atlas-icon -search icon-prop\" fill=\"none\" viewbox=\"0 0 24 24\"><path clip-rule=\"evenodd\" d=\"M16.134 17.195a8.75 8.75 0 1 1 1.06-1.06L22.062 21 21 22.06zM3.25 10.5a7.25 7.25 0 1 1 12.466 5.035l-.18.181A7.25 7.25 0 0 1 3.25 10.5\" fill=\"currentColor\" 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id=\"dn_toppbanner-artikkel\"></div></div></div></div><article class=\"dn-article\" datalayout=\"text-first\" style=\"\"><div class=\"dn-ma-frame dn-ma-frame-top\" id=\"dn_ma_article_topbanner\"></div><div class=\"atlas-article-top dn text-first\" data-list data-zone=\"article-top\"><h1 class=\"title atlas-headline title atlas-text-entity title atlas-headline title\"><!--[-->Fire gode grunner til fortsatt aksjeopptur<!--]--></h1><p class=\"lead atlas-text-entity lead\"><!--[-->Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.<!--]--></p><div class=\"image\"><figure class=\"figure-free atlas-image figure-free\"><picture><!----></picture><figcaption class=\"figcaption\"><span class=\"caption\">Investeringsstrateg Joachim Bernhardsen, forvalter Audhild Aabø og sjefstrateg Christian Lie er alle skjønt enige om en viktig felles driver for markedet. <!----></span></figcaption><div class=\"credit\"><span>Foto: Ole Berg-Rusten/NTB, Paul S. Amundsen og Øyvind Elvsborg</span></div></figure><!--[--><!--]--></div><div class=\"meta\"><div class=\"dn text-first atlas-byline dn text-first\"><div class=\"content\"><ul class=\"items\"><!--[--><li data-info-separator><section><a aria-label=\"Jonas Christensen\" class=\"title atlas-link title\" href=\"mailto:jonas.christensen@dn.no\" title=\"Jonas Christensen\"><!--[-->Jonas Christensen<!--]--></a><!----></section></li><!--]--></ul><div class=\"common-details\"><!--[--><ul class=\"atlas-list atlas-list--horizontal atlas-list--ul atlas-list--divider\"><!--[--><li><!--[-->Journalist<!--]--></li><!--]--></ul><!--]--></div></div><!----><div class=\"action\"><!--[--><!--[--><!--[--><!--[--><!--[--><div class=\"dn-be-notified\"><button class=\"dn-button circle\" data-v-4cfd1f19><svg class=\"dn-icon icon\" data-v-4cfd1f19 fill=\"none\" height=\"16\" width=\"16\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M6.654 13.333c0 .354.142.693.395.943a1.353 1.353 0 0 0 1.903 0c.253-.25.395-.589.395-.943M13.834 12s-1.346-2.222-1.346-4V5.778c0-1.179-.473-2.31-1.315-3.143A4.5 4.5 0 0 0 8 1.333a4.5 4.5 0 0 0-3.173 1.302 4.42 4.42 0 0 0-1.314 3.143V8c0 1.778-1.346 4-1.346 4z\"></path></svg><!--[--><!--]--><!----></button><!----></div><!--]--><!--]--><!--]--><span></span><!--]--><!--]--></div></div><!--[--><!--]--></div><div class=\"tag\"><a aria-label=\"navigate to tag page\" class=\"dn text-first atlas-tag dn text-first atlas-link dn text-first atlas-tag dn text-first\" href=\"https://www.dn.no/topic/Børs\" title=\"Børs\"><!--[--><!--[-->Børs<!--]--><!--]--></a></div></div><div class=\"dn-published-date\"><div class=\"dn-published-and-buttons\" data-list=\"reverse\"></div><div class=\"dn-published-and-buttons\" data-list=\"reverse\"></div><span></span></div><div class=\"dn-content\" data-zone=\"article-body\"><!----><!--[--><div class=\"dn-article-inline-content\" id=\"dn-content-ssr\"><!--[--><!--]--><!--[--><!--[--><p class=\"dn-text\" type=\"text\">Omtrent over alt i verden er det satt stadig nye børsrekorder i år.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Ser man bort ifra koronakrakket, som sett i bakspeilet nesten var over før det hadde begynt, skal vi tilbake til finanskrisen i 2008–2009 for å finne en periode med et kraftig og gjennomgripende børsfall som tok år å hente igjen.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Ikke rart noen kanskje får høydeskrekk. Spesielt ikke når det ukentlig ropes varsko om overinvesteringer i KI, høyt prisede aksjer, uforutsigbare presidenter og det dras sammenligninger til dotcom.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Men i stedet for å la nervene plages av alskens potensielle farer, tillater vi oss denne gangen å dvele ved det gode.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">DN har snakket med tre aktører i markedet og samlet fire gode grunner til at børsfesten kan fortsette.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><h2 class=\"dn-subhead\" type=\"subhead\">1. Økonomisk vekst</h2><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">En fellesnevner blant alle er økonomisk vekst, og det er dermed første argument ut.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">I Europa ventes det høyere økonomisk vekst i år, særlig i regionens største økonomi Tyskland som står overfor stor opprustning av militæret og massive investeringer i infrastruktur. I Japan har markedet forelsket seg i statsminister Sanae Takaichis ekspansive pengepolitikk.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Kina er alltid en joker, men Formues sjefstrateg Christian Lie er optimist.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– Budsjettunderskuddet i Kina er det største noensinne, som sammen med fortsatt sterk eksportvekst og betydelig satsing på teknologiområdet kan kompensere for motvinden fra eiendomsmarkedene, lav forbruksvilje og demografi, sier han.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">En svakere dollar kan attpåtil gjøre det lettere å betjene dollargjeld, samtidig som det kan øke flyten av kapital til land utenom USA. I tillegg er relativt lave oljepriser positivt for store deler av verdensøkonomien.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Men viktigst av alt er selvfølgelig utviklingen i kapitalismens vugge USA.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Her trekkes skattekutt og større tilbakebetalinger av skatt frem som viktig, samt nye avskrivningerregler for bedrifter og deregulering av finanssektoren. Det er fortsatt priset inn noen rentekutt i år og det planlegges enorme investeringer fra teknologigigantene.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– Som en av få store økonomier i verden er produktivitetsveksten i USA på vei opp, noe som både kan løfte vekstpotensialet og begrense inflasjonen dersom trenden vedvarer, sier Lie.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><h2 class=\"dn-subhead\" type=\"subhead\">2. Inntjening</h2><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Økonomisk vekst og inntjening går ofte hånd i hånd.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– Til syvende og sist er det selskapenes evne til å generere inntjening som driver aksjemarkedet høyere, sier investeringsstrateg Joachim Bernhardsen i Nordea.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Hans konklusjon er klar: Hverken verdsettelse, valuta eller sentiment kan bidra til økt avkastning inn i evigheten.</p><!----><!--]--><!--[--><figure align=\"free\" class=\"dn-image default\" data-load=\"lazy\" type=\"image\"><picture class=\"ratio-free\"><!----></picture><figcaption><span class=\"caption-below-image\">– Det er svært sterkt, sier investeringsstrateg Joachim Bernhardsen om utsiktene for S&amp;P 500-selskapenes inntjeningsvekst i fjerde kvartal.</span><span class=\"credit\">Foto: Per Ståle Bugjerde</span></figcaption></figure><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Og når inntjening er alfa og omega, mener han det er verdt å spørre seg om uro i verdens kriker og kroker påvirker nettopp inntjeningen. Vil Nvidia for eksempel selge færre databrikker som følge av spenning i Midtøsten. Neppe. Han minner om at selskapene på S&amp;P 500 ligger an til å levere knallsterke 13 prosent inntjeningsvekst i fjerde kvartal. Strategen tror bildet vil vedvare.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– Det er hovedårsaken til at jeg har tro på aksjemarkedet, sier han.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Lie i Formue er enig.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">For året ventes 11 prosent vekst i inntjening for europeiske selskaper, enda mer for amerikanske og mye mer i fremvoksende markeder. Og om aksjeanalytikerne får like rett om årets selskapsinntjening som fjorårets, vil det gi aksjemarkedet solid støtte, tror Lie.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– Dette blir spesielt viktig i en tid med høy verdsettelse, ikke bare i USA, men også i Europa der kursene har steget hovedsakelig fordi verdsettelsen – ikke inntjeningen – har steget.</p><!----><!--]--><!--[--><h2 class=\"dn-subhead\" type=\"subhead\">3. Verdsettelse</h2><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Tradisjonelle verdsettelsesmetoder som pris/inntjening og pris/bok indikerer at det amerikanske aksjemarkedet er nokså høyt priset. Ikke alle mener dette nødvendigvis er de beste metodene for å verdsette tek-giganter med massive investeringer i KI foran seg.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Borea-forvalter Audhild Aabø argumenterer dessuten for at bildet er mer nyansert enn overskriftene tilsier.</p><!----><!--]--><!--[--><figure align=\"free\" class=\"dn-image default\" data-load=\"lazy\" type=\"image\"><picture class=\"ratio-free\"><!----></picture><figcaption><span class=\"caption-below-image\">Utviklingen i realøkonomien ikke trenger å være fantastisk, den må bare være «god nok», mener forvalter Audhild Aabø.</span><span class=\"credit\">Foto: Paul S. Amundsen</span></figcaption></figure><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">For det første mener hun debatten rundt prising drives av et fåtall store selskaper som trekker opp snittet betydelig. Utenfor disse mener hun det er mange aksjer og sektorer som ikke fremstår spesielt høyt priset.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– For det andre kan markedet over tid «vokse inn i prisingen». Dersom selskapenes inntjening fortsetter å øke, kan aksjer gi god avkastning selv uten at multipler stiger videre, sier hun.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Bernhardsen i Nordea peker på de samme tingene. Han synes ikke dagens prising av Nasdaq på 25 ganger inntjeningen er skremmende. Senest i høst ble denne teknologiindeksen priset til 30 ganger inntjening. Grunnen til at prisingen er kommet ned er fordi Nasdaq-indeksen har beveget seg sidelengs, mens inntjeningen har økt.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><h2 class=\"dn-subhead\" type=\"subhead\">4. Historisk investeringsbølge</h2><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Bare i år vil de fire store tek-gigantene Alphabet, Amazon, Meta og Microsoft potensielt investere for rundt 650 milliarder dollar. Det tilsvarer omtrent tre norske statsbudsjetter. Mye av dette vil gå til kunstig intelligens.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Selv om enkelte populære KI-aksjer kan ha fått lykkeprising, minner Aabø i Borea om at det er viktig å skille mellom høy prising i enkeltaksjer og at KI som teknologiskifte ikke er reelt.</p><!----><!--]--><!--[--><!----><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– Store selskaper investerer nå betydelige beløp i datasentre, programvare og infrastruktur, og dette er en faktisk investeringsbølge som resulterer i reell ordreinngang og inntekter, konstaterer hun, og fortsetter:</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– Det betyr at selv om noen enkeltaksjer kan korrigere kraftig, kan det fortsatt ligge attraktive muligheter i selskaper som leverer på «andre og tredje rad» i verdikjeden.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Sjefstrateg Lie ser intet mindre enn en ny økonomisk æra vokse frem.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">Han viser til at den amerikanske storbanken Bank of America anslår at det samlede investeringsnivået innen blant annet teknologi, forsvar, sikkerhet, energi, infrastruktur og klimatilpasning skal firedobles fra 2025 til 2030. Det skal være snakk om mellom 9000 og 13.000 milliarder dollar årlig i perioden.</p><!----><!--]--><!--[--><p class=\"dn-text\" type=\"text\">– I utgangspunktet kan dette bli en betydelig medvind for global økonomi og næringsliv det kommende årene, sier han.</p><!--[--><!--[--><!--]--><div class=\"dn-tooltip dn-copyright\"><div class=\"label-container\"><!--[--><a class=\"dn-link\" data-v-f09df42b href=\"https://www.dn.no/kundeservice/faq/vilkar-dnno/vilkar-dnno\" rel=\"noopener\" title=\"For ytterligere informasjon klikk på Vilkår\"><!--[-->(Vilkår)<!--]--></a><!--]--></div><div class=\"tooltip\" style=\"display:none;\"><span>Copyright Dagens Næringsliv AS og/eller våre leverandører. Vi vil gjerne at du deler våre saker ved bruk av lenke, som leder direkte til våre sider. Kopiering eller annen form for bruk av hele eller deler av innholdet, kan kun skje etter skriftlig tillatelse eller som tillatt ved lov. For ytterligere vilkår <a href=\"https://www.dn.no/kundeservice/faq/vilkar-dnno/vilkar-dnno\">se her</a>.</span><div class=\"arrow\" data-popper-arrow id=\"arrow\"></div></div></div><!--]--><!--]--><!--[--><!----><!----><!--]--><!--]--><!----></div><span></span><!--]--></div></article><div class=\"dn-below-article-interaction\" data-zone=\"article-bottom\" style=\"\"><div class=\"action\" data-list><div class=\"meta-info\"><span class=\"dn-date-time published\" data-datetime=\"2026-02-23T10:35:18+00:00\" data-v-e1a22bc5>Publisert 23. February 2026, kl. 10.35</span><span class=\"dn-date-time updated\" data-datetime=\"2026-02-23T13:07:26+00:00\" data-v-e1a22bc5>Oppdatert 23. February 2026, kl. 13.07</span></div><!--[--><!--]--></div></div><div class=\"interaction-group\" data-list data-zone=\"article-bottom\" style=\"\"><span></span></div><span></span><div class=\"dn-feed\"><div class=\"dn-ma-frame\" id=\"dn_ma_article_bannerbox2\"></div><span></span><!----><!----><div><span></span></div><!----></div></div><!--]--></div></div><!----><footer class=\"atlas-footer\"><div class=\"footer-content\"><div class=\"footer-items\"><div class=\"logo-container\"><svg aria-label=\"logo-full\" class=\"atlas-icon -logo-full\" fill=\"none\" viewbox=\"0 0 778 97\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M507.414 15.7c-4.546 0-8.12-3.646-8.12-7.945S502.868 0 507.414 0c4.544 0 8.122 3.456 8.122 7.755s-3.578 7.946-8.122 7.946M495.038 74.01v-2.525c1.646 0 3.291 0 4.737-1.402 1.356-1.4 1.55-3.738 1.55-19.904V41.77c0-16.54-.194-17.846-1.645-19.158-1.495-1.36-3.475-1.326-4.473-1.31q-.147.003-.264.004v-2.617h20.02v31.49c0 16.542.486 18.504 1.835 19.904 1.453 1.402 2.902 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Siden 1890 har vi vært først med nyhetene om bransjene, bedriftene og menneskene som former samfunnet.\nVi gir deg kunnskap, inspirasjon og grunnlag for gode valg.\n<!--]--></p></div><div class=\"director\"><h3 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Sjefredaktør og administrerende direktør<!--]--></h3><p class=\"atlas-text-entity\"><!--[--><a href=\"mailto:janne.johannessen@dn.no\">Janne Johannessen</a><!--]--></p></div></div><div class=\"link-block\"><!--[--><div><h4 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Informasjon<!--]--></h4><ul class=\"atlas-list atlas-list--vertical atlas-list--ul\"><!--[--><li><!--[--><a aria-label=\"Kundeservice\" class=\"atlas-link\" href=\"https://www.dn.no/kundeservice\" title=\"Kundeservice\"><!--[-->Kundeservice<!--]--></a><!--]--></li><li><!--[--><a aria-label=\"Min side\" class=\"atlas-link\" href=\"https://www.dn.no/min-side\" title=\"Min side\"><!--[-->Min 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atlas-text-entity atlas-headline atlas-headline-subhead atlas-headline\"><!--[-->Redaktører<!--]--></h4><div class=\"atlas-accordion-icon\"></div></summary><!----><!--[--><ul class=\"atlas-list atlas-list--vertical atlas-list--ul\"><!--[--><li><!--[--><h5 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Nyhetsredaktør<!--]--></h5><p class=\"atlas-text-entity\"><!--[--><a href=\"mailto:marianne.johansen@dn.no\">Marianne Johansen</a><!--]--></p><!--]--></li><li><!--[--><h5 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Utviklingsredaktør<!--]--></h5><p class=\"atlas-text-entity\"><!--[--><a href=\"mailto:magnus.aabech@dn.no\">Magnus Aabech</a><!--]--></p><!--]--></li><li><!--[--><h5 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Politisk redaktør<!--]--></h5><p class=\"atlas-text-entity\"><!--[--><a href=\"mailto:frithjof.jacobsen@dn.no\">Frithjof 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   "source_updated_at" : "2026-02-23 13:07:26",
   "summary" : "Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.",
   "tags" : null,
   "title" : "Fire gode grunner til fortsatt aksjeopptur",
   "twitter_title" : "Fire gode grunner til fortsatt aksjeopptur",
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id=\"dn_toppbanner-artikkel\"></div></div></div></div><article class=\"dn-article\" datalayout=\"text-first\" style=\"\"><div class=\"dn-ma-frame dn-ma-frame-top\" id=\"dn_ma_article_topbanner\"></div><div class=\"atlas-article-top dn text-first\" data-list data-zone=\"article-top\"><h1 class=\"title atlas-headline title atlas-text-entity title atlas-headline title\"><!--[-->Fire gode grunner til fortsatt aksjeopptur<!--]--></h1><p class=\"lead atlas-text-entity lead\"><!--[-->Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.<!--]--></p><div class=\"image\"><figure class=\"figure-free atlas-image figure-free\"><picture><!----></picture><figcaption class=\"figcaption\"><span class=\"caption\">Investeringsstrateg Joachim Bernhardsen, forvalter Audhild Aabø og sjefstrateg Christian Lie er alle skjønt enige om en viktig felles driver for markedet. <!----></span></figcaption><div class=\"credit\"><span>Foto: Ole Berg-Rusten/NTB, Paul S. Amundsen og Øyvind Elvsborg</span></div></figure><!--[--><!--]--></div><div class=\"meta\"><div class=\"dn text-first atlas-byline dn text-first\"><div class=\"content\"><ul class=\"items\"><!--[--><li data-info-separator><section><a aria-label=\"Jonas Christensen\" class=\"title atlas-link title\" href=\"mailto:jonas.christensen@dn.no\" title=\"Jonas Christensen\"><!--[-->Jonas Christensen<!--]--></a><!----></section></li><!--]--></ul><div class=\"common-details\"><!--[--><ul class=\"atlas-list atlas-list--horizontal atlas-list--ul atlas-list--divider\"><!--[--><li><!--[-->Journalist<!--]--></li><!--]--></ul><!--]--></div></div><!----><div class=\"action\"><!--[--><!--[--><!--[--><!--[--><!--[--><div class=\"dn-be-notified\"><button class=\"dn-button circle\" data-v-4cfd1f19><svg class=\"dn-icon icon\" data-v-4cfd1f19 fill=\"none\" height=\"16\" width=\"16\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M6.654 13.333c0 .354.142.693.395.943a1.353 1.353 0 0 0 1.903 0c.253-.25.395-.589.395-.943M13.834 12s-1.346-2.222-1.346-4V5.778c0-1.179-.473-2.31-1.315-3.143A4.5 4.5 0 0 0 8 1.333a4.5 4.5 0 0 0-3.173 1.302 4.42 4.42 0 0 0-1.314 3.143V8c0 1.778-1.346 4-1.346 4z\"></path></svg><!--[--><!--]--><!----></button><!----></div><!--]--><!--]--><!--]--><span></span><!--]--><!--]--></div></div><!--[--><!--]--></div><div class=\"tag\"><a aria-label=\"navigate to tag page\" class=\"dn text-first atlas-tag dn text-first atlas-link dn text-first atlas-tag dn text-first\" href=\"https://www.dn.no/topic/Børs\" title=\"Børs\"><!--[--><!--[-->Børs<!--]--><!--]--></a></div></div><div class=\"dn-published-date\"><div class=\"dn-published-and-buttons\" data-list=\"reverse\"></div><div class=\"dn-published-and-buttons\" data-list=\"reverse\"></div><span></span></div><div class=\"dn-content\" data-zone=\"article-body\"><!----><!--[-->\n<span></span><!--]--></div></article><div class=\"dn-below-article-interaction\" data-zone=\"article-bottom\" style=\"\"><div class=\"action\" data-list><div class=\"meta-info\"><span class=\"dn-date-time published\" data-datetime=\"2026-02-23T10:35:18+00:00\" data-v-e1a22bc5>Publisert 23. February 2026, kl. 10.35</span><span class=\"dn-date-time updated\" data-datetime=\"2026-02-23T10:35:18+00:00\" data-v-e1a22bc5>Oppdatert 23. February 2026, kl. 10.35</span></div><!--[--><!--]--></div></div><div class=\"interaction-group\" data-list data-zone=\"article-bottom\" style=\"\"><span></span></div><span></span><div class=\"dn-feed\"><div class=\"dn-ma-frame\" id=\"dn_ma_article_bannerbox2\"></div><span></span><!----><!----><div><span></span></div><!----></div></div><!--]--></div></div><!----><footer class=\"atlas-footer\"><div class=\"footer-content\"><div class=\"footer-items\"><div class=\"logo-container\"><svg aria-label=\"logo-full\" class=\"atlas-icon -logo-full\" fill=\"none\" viewbox=\"0 0 778 97\" xmlns=\"http://www.w3.org/2000/svg\"><path d=\"M507.414 15.7c-4.546 0-8.12-3.646-8.12-7.945S502.868 0 507.414 0c4.544 0 8.122 3.456 8.122 7.755s-3.578 7.946-8.122 7.946M495.038 74.01v-2.525c1.646 0 3.291 0 4.737-1.402 1.356-1.4 1.55-3.738 1.55-19.904V41.77c0-16.54-.194-17.846-1.645-19.158-1.495-1.36-3.475-1.326-4.473-1.31q-.147.003-.264.004v-2.617h20.02v31.49c0 16.542.486 18.504 1.835 19.904 1.453 1.402 2.902 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Siden 1890 har vi vært først med nyhetene om bransjene, bedriftene og menneskene som former samfunnet.\nVi gir deg kunnskap, inspirasjon og grunnlag for gode valg.\n<!--]--></p></div><div class=\"director\"><h3 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Sjefredaktør og administrerende direktør<!--]--></h3><p class=\"atlas-text-entity\"><!--[--><a href=\"mailto:janne.johannessen@dn.no\">Janne Johannessen</a><!--]--></p></div></div><div class=\"link-block\"><!--[--><div><h4 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Informasjon<!--]--></h4><ul class=\"atlas-list atlas-list--vertical atlas-list--ul\"><!--[--><li><!--[--><a aria-label=\"Kundeservice\" class=\"atlas-link\" href=\"https://www.dn.no/kundeservice\" title=\"Kundeservice\"><!--[-->Kundeservice<!--]--></a><!--]--></li><li><!--[--><a aria-label=\"Min side\" class=\"atlas-link\" href=\"https://www.dn.no/min-side\" title=\"Min side\"><!--[-->Min 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atlas-text-entity atlas-headline atlas-headline-subhead atlas-headline\"><!--[-->Redaktører<!--]--></h4><div class=\"atlas-accordion-icon\"></div></summary><!----><!--[--><ul class=\"atlas-list atlas-list--vertical atlas-list--ul\"><!--[--><li><!--[--><h5 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Nyhetsredaktør<!--]--></h5><p class=\"atlas-text-entity\"><!--[--><a href=\"mailto:marianne.johansen@dn.no\">Marianne Johansen</a><!--]--></p><!--]--></li><li><!--[--><h5 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Utviklingsredaktør<!--]--></h5><p class=\"atlas-text-entity\"><!--[--><a href=\"mailto:magnus.aabech@dn.no\">Magnus Aabech</a><!--]--></p><!--]--></li><li><!--[--><h5 class=\"atlas-headline-subhead atlas-text-entity atlas-headline-subhead\"><!--[-->Politisk redaktør<!--]--></h5><p class=\"atlas-text-entity\"><!--[--><a href=\"mailto:frithjof.jacobsen@dn.no\">Frithjof 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fill-rule=\"evenodd\"></path></svg></div><div class=\"content-text\"><!--[--><p class=\"atlas-text-entity\">Dagens Næringsliv er en del av DN Media Group. For mer informasjon om DN Media Group  <a href=\"https://www.dngroup.com/\" target=\"_blank\"> klikk her. </a> Vi arbeider etter Vær Varsom-plakatens regler for god presseskikk.</p><!--]--></div></div></footer></footer><!--]--><!--]--></div>\n<div id=\"teleports\"></div>\n\n\n</body></html>",
   "source_updated_at" : "2026-02-23 10:35:18",
   "summary" : "Skremmeskuddene hagler om høy prising, KI-boble og politisk risiko. Men aksjemarkedet fortsetter oppover. Her er fire gode grunner til at festen fortsetter.",
   "tags" : null,
   "title" : "Fire gode grunner til fortsatt aksjeopptur",
   "twitter_title" : "Fire gode grunner til fortsatt aksjeopptur",
   "version" : 1
}