Globant S.A. was the largest single detractor from the WS Amati Global Innovation Fund during the second quarter of 2026. The fund, managed by AMAti Global Investors, stated that the US-listed IT services and digital engineering business suffered from excessive extrapolation by investors, and the firm has been gently adding to the position on weakness. Globant shares closed at $31.30 on July 24, 2026, with a market capitalization of $1.35 billion, and have lost 64.62% over the past 52 weeks. The fund outperformed the MSCI ACWI benchmark in the quarter, driven by diversified exposure beyond headline AI firms, though software and IT services faced skepticism.
Globant SAFund manager cites excessive extrapolation by investors as cause of share decline; fund added to position on weakness.
MicroStrategy Incorporated