Why does Jack Hidary want a US sovereign wealth fund?

Hidary believes the US needs long-term investments in strategic technologies like AI to keep pace with global competition, rather than focusing on short-term profits.

How could this affect stocks like NVDA and IBM?

If the calls translate into actual policies, government investment in AI could increase, benefiting companies like NVIDIA and IBM. However, the impact depends on policy implementation.

SandboxAQ CEO Urges US to Create Sovereign Wealth Fund Like Norway

Jack Hidary, CEO of SandboxAQ, urged the United States to create a sovereign wealth fund to invest in strategic technologies such as artificial intelligence, citing Norway's $2 trillion fund as a model. He made the comments on CNBC on July 9, 2026.

July 9, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

norway fund size

2 trillion

Jack Hidary, CEO of SandboxAQ, called on the United States to establish a sovereign wealth fund for investing in strategic technologies like artificial intelligence, during an interview on CNBC on Thursday, July 9, 2026. Hidary argued that America is still using the wrong investment playbook and should follow Norway's example of managing national wealth through long-term investments.

Details

Hidary emphasized that the US should treat strategic technologies the way Norway manages its national wealth, focusing on long-term investments rather than short-term profits. He pointed to Norway's $2 trillion sovereign wealth fund as a successful model worth emulating.

Context

The remarks come amid a global AI race, with countries like China investing heavily in the field. SandboxAQ, a spin-off from Alphabet, specializes in AI and quantum computing technologies, giving Hidary a unique perspective on the importance of government investment in these sectors.

What This Means for Investors

Such calls could increase government interest in AI companies like NVIDIA (NVDA) and IBM (IBM), especially if they translate into policy changes. However, investors should monitor any legislative or regulatory developments that may arise from these ideas.

Frequently Asked Questions

A sovereign wealth fund is a state-owned investment fund that invests in various assets to achieve long-term returns, such as Norway's $2 trillion fund.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.