Among the Argentine Certificates of Deposit there are two companies that stand out and that consolidate their rise. What are they and what upside potential do they have?
two companies linked to the Artificial intelligence shot up at BYMA, it’s all about Upstart Holdings and Microstrategy. For their part, the rest of the most traded papers ended mixed driven, on the one hand, with good day on wall streetand on the other influenced by the drop in the dollar Cash with Liquidation.
In the case of Upstart Holdings climbed 9.2%. This is a company that provides an artificial intelligence lending platform. “It incorporates additional variables to the traditional criteria for assigning loans, such as education and employment history, from which it estimates the potential solvency of the beneficiary,” said Eugenia de Irureta de Bavsa.
On the other hand, it also shot Microstrategy (+8.1%). The company announced a new multi-year partnership with Microsoft, expanding MicroStrategy’s product offerings that use Microsoft Azure technology. The alliance will integrate MicroStrategy’s advanced analytics capabilities with Azure OpenAI Service. Through this alliance, MicroStrategy develops and enhances artificial intelligence (AI) capabilities within its analytics platform.
Regarding the most traded papers, the prices were mixed: Apple (-0.1%), Tesla (+1.4%), Google (-0.6%), Amazon (-1%), and Microsoft (-1.3%).
Wall Street, for its part, closed higher, helped by some gains in sectors sensitive to the economic cycleas investors awaited inflation data and the Federal Reserve’s policy meeting next week. The Dow Jones Industrial Average rose 0.03% to 33,573.28, while the S&P 500 gained 0.2% to 4,283.73. The Nasdaq Composite added 0.4% to 13,276.42.
He dollar “counted with liquid” (CCL), in turn, fell sharply and the gap is close to 100% after approaching the symbolic level of $500 in the wheel on Monday. Meanwhile, the MEP advanced $5.57.
Source: Ambito
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