Harding Loevner Flags AI Risk as Globant Drags Its Global Equity Fund

Investors fear automation could cut out traditional IT consultants despite Globant’s small revenue beat.

Overview

Harding Loevner said Globant was its biggest detractor for 2025 because investors worry generative AI could disintermediate IT‑consulting firms.
Globant’s stock has slumped over the past year, closing at $46.10 with a roughly 59% 52‑week loss and a market value near $2.03 billion.
The company showed some operating resilience, reporting Q4 2025 revenue of $612.5 million versus guidance of $605 million.
Hedge‑fund exposure stayed limited as portfolios holding the stock edged up to 33 from 32 in Q4, and the name did not appear on Insider Monkey’s top‑40 list.
The letter said the strategy lagged the MSCI ACWI in Q4 and for 2025, and it emphasized picking companies with lasting strengths as AI changes how investors price tech.