From Yahoo Finance: 2025-04-12 09:04:00

Dan Ives of Wedbush Securities expressed concern about the impact of tariffs on tech supply chains during an interview with CNBC. He highlighted potential earnings cuts and lower demand for emerging technologies due to economic uncertainty caused by Musk’s actions and Trump’s tariffs. Ives also criticized Elon Musk’s political involvement, estimating demand destruction in Europe and the US.

MercadoLibre Inc. (NASDAQ:MELI) is a NASDAQ stock with an average upside potential of 40.69% as of April 8. The company operates online commerce platforms like Mercado Libre Marketplace and fintech solutions like Mercado Pago. In 2024, MercadoLibre significantly expanded its credit card business and achieved 60 million monthly active users on Mercado Pago.

Infuse Asset Management remains optimistic about MercadoLibre Inc. (NASDAQ:MELI) despite potential competition. The company’s commerce and payments business segments synergize well, leading to revenue growth. MELI offers tools for merchants in both commerce and finance, maintaining over 30% growth. The company is considered a leading brand in Latin America with a reasonable valuation.

Overall, MELI ranks 10th on the list of NASDAQ stocks with the highest upside potential. While acknowledging MELI’s growth potential, there is a focus on AI stocks for high returns in a shorter time frame. Consider exploring AI stocks for promising opportunities, including the cheapest AI stock with significant upside potential.



Read more at Yahoo Finance: Is MercadoLibre Inc. (NASDAQ:MELI) a NASDAQ Stock with the Highest Upside Potential?