These are the four Cedears that have been performing best this year

So far in 2023, the main index linked to technology companies, the Nasdaq 100record a rise of more than 16% in dollarswhich, up to now, is allowing investors to recover, at least partially, the losses suffered during the past year, which was very negative for companies in the sector.

So, since inverted IOL online, Damián Vlassich, Senior Equity Analyst of the investment platform, highlights that the local market, through Cedears (Argentine Certificates of Deposit), has allowed Argentine investors to have exposure to the most valuable companies listed on Wall Street and capitalize on the good dynamics of “tech” companies to boost their savings. And they detail the four that rose the most throughout this first quarter of 2023.

Nvidia leads the podium

According to Vlassich, the one that has had the best evolution so far this year is that of Nvidia (NVDA), a semiconductor company, as its shares rose more than 130% in Argentine pesos. This is due, in part, to the fact that the company has a strong presence in the development of GPUs, which allow the application of Artificial Intelligence and is the leader in this segment, in which it reached more than 60% of the market share.

It should be noted that the high processing capacity of the chips created by nvidia enable the implementation of Deep learning, a learning method of vital importance for the development of Artificial Intelligence.

Spotify strengthened by user growth

In second place is Spotify (SPOT)whose yield it was revalued by more than 90% in a little less than three months. Much of this jump in the price of the music streaming platform, according to inverted IOL onlineis due to the fact that the results of the fourth quarter of 2022 showed strong user growth, which was viewed very positively by the investment community.

On the other hand, the titles of Spotify they had also been one of the hardest hit last year, so part of the rebound responds to a recovery after a very bad 2022.

Tesla grows exponentially

In third place is Cedear de Tesla (TSLA)the company that manufactures electric vehicles and is run by Elon Muskwhich is up 77.2% since the start of the year.

In its most recent report, it reported that, in the last quarter of the year, Tesla totaled deliveries of 405,000 vehicles, which led it to close 2022 with a total of 1.31 million unitswhich represents a growth of 40% year-on-year and shows that only during 2022 a total of deliveries was made that is equivalent to the sum of 2020 and 2021.

From the IOL investment platform, they point out that this situation shows the exponential growth that Tesla continues to have, even in a challenging context. In addition, during 2022, it reached the highest quarterly revenue in its history, totaling $81.5 billion.

AMD goes for Artificial Intelligence

And finally, in fourth place on this list, is the semiconductor manufacturing company, Advanced Micro Devices (AMD)which has attractive fundamental data, added to the largest participation in the business of Artificial intelligence. In this sense, it recently launched AMD Ryzen AI on the market, which allows applications to be accelerated in this field.