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Globant's (GLOB) AI Reinvention Network Empowers Industries

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Globant (GLOB - Free Report) recently launched its AI Reinvention Network, an initiative aimed at empowering various industries to accelerate their AI adoption and integration. By leveraging its deep expertise and two decades of experience in harnessing AI's transformative power, Globant aims to unlock a new era of digital innovation.

The AI Reinvention Network is an enhancement to Globant's existing Studios, each tailored for specific industries such as Connected Experiences, Automotive, Media and Entertainment, Healthcare and Life Sciences, Finance, Airlines, Hospitality and Leisure, Games, EdTech, Business Hacking, Sports, Retail, Smart Payments and Sustainable Business.

Globant has been at the forefront of AI integration since 2013. From its Data and AI Studio's initial launch to its current expansion across diverse domains, Globant has consistently pushed boundaries to drive innovation. This leadership has earned it recognition as a top player in the IDC's Worldwide Artificial Intelligence Services MarketScape.

With a workforce of more than 28,900 employees across 33 countries and five continents, Luxembourg-based Globant operates on a global scale, serving renowned clients like Google, Electronic Arts and Santander. The company is involved in the provision of data management solutions, quality assurance engagement strategy, mobile testing, test automation, load and performance testing and game testing services.

Globant’s continuous efforts to bolster the realm of AI-driven business transformation are noteworthy. Recently, it announced the integration of its proprietary AI Agents into the software development life cycle. These AI Agents are crafted to work in sync with Globant's existing AI products, such as Augoor, MagnifAI, Navigate, GeneXus Next and GeneXus Enterprise AI, creating a comprehensive suite of AI-driven solutions.

Also, in March 2024, GLOB’s subsidiary GeneXus partnered with NVIDIA. Under the terms of collaboration, the company will integrate NVDA’s AI technology with its enterprise AI platform.

Robust momentum across most of its business segments – Media and Entertainment, Travel & Hospitality, Consumer, Retail & Manufacturing, Banks, Financial Services and Insurance and Healthcare revenues – are driving the company’s top-line growth.

At present, GLOB carries a Zacks Rank #3 (Hold). Shares of the company have gained 2.6% against the industry’s decline of 2.6% in the past year.

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Stocks to Consider

NVIDIA Corporation (NVDA - Free Report) , sporting a Zacks Rank #1(Strong Buy) at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. In the last reported quarter, it delivered an earnings surprise of 11.48%. You can see the complete list of today’s Zacks #1 Rank stocks here.

NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.

Motorola Solutions Inc. (MSI - Free Report) provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure services. Currently, Motorola carries a Zacks Rank #2 (Buy) at present.

It delivered a trailing four-quarter average earnings surprise of 7.54% and has a long-term growth expectation of 9.47%. In the last reported quarter, Motorola delivered an earnings surprise of 11.51%.

Onto Innovation Inc. (ONTO - Free Report) , sporting a Zacks Rank #1 at present, delivered an earnings surprise of 2.64%, on average, in the trailing four quarters.

Headquartered in Wilmington, MA, Onto Innovation specializes in the design, development, manufacture and support of metrology and inspection tools primarily for semiconductor device fabricators, silicon wafer manufacturers and advanced packaging manufacturers in the semiconductor space.

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