Published on 30 May 2024 on Insider Monkey via Yahoo Finance
Globant (GLOB) Has Completed More Than 500 AI-Centric Projects
Harding Loevner, an asset management company, released its “Global Equity Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund generated a 6.9% gross of fee return in the first quarter compared to an 8.3% gain for the MSCI All Country World. Despite rising bond yields, the stock market gained throughout the quarter, partly because of continued interest in the potential applications of artificial intelligence. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Harding Loevner Global Equity Strategy highlighted stocks like Globant S.A. (NYSE:GLOB), in the first quarter 2024 investor letter. Globant S.A. (NYSE:GLOB) is a Luxembourg-based technology services company. The one-month return of Globant S.A. (NYSE:GLOB) was -7.91%, and its shares lost 11.44% of their value over the last 52 weeks. On May 29, 2024, Globant S.A. (NYSE:GLOB) stock closed at $165.38 per share with a market capitalization of $7.135 billion.