Globant Detractor

Globant S.A. (NYSE:GLOB), a technology services company providing digital transformation, AI, and software development solutions, was identified as the largest single detractor from WS Amati Global Innovation Fund's performance in the second quarter of 2026. The fund stated that Globant's shares were affected by investors' excessive extrapolation of growth expectations, which led to a one-month return of 9.72% but a significant loss of 64.62% over the past 52 weeks. As of July 24, 2026, Globant's market capitalization stood at $1.35 billion with a closing price of $31.30 per share. The fund acknowledged the potential of Globant as an investment but expressed concerns about its downside risk, favoring other AI stocks with greater upside potential. Despite this, Globe remains a notable holding in many hedge funds' portfolios, with 25 out of 33 having held it at the end of the first quarter of 2026.