From Yahoo Finance.: 2025-05-28 09:35:00

Sands Capital released its Q1 2025 investor letter for the Technology Innovators Fund, which focuses on pioneering tech businesses. The fund returned -10.4% in Q1, underperforming the benchmark. MercadoLibre, Inc. (NASDAQ:MELI) was highlighted as a top stock with a 9.62% one-month return and $129.54 billion market cap as of May 27, 2025.

In its Q1 2025 investor letter, Sands Capital Technology Innovators Fund praised MercadoLibre, Inc. (NASDAQ:MELI) as the largest ecommerce and fintech ecosystem in Latin America. The company exceeded 2024 Q4 operating income estimates by 37%, driven by strong performance in Argentina. MercadoLibre serves 100 million annual ecommerce customers and 60 million fintech users.

MercadoLibre, Inc. (NASDAQ:MELI) is not among the 30 most popular stocks held by hedge funds, but 108 hedge fund portfolios held it in Q1 2025. While MercadoLibre shows potential, hedge funds believe AI stocks offer greater returns. For a promising AI stock trading at a low multiple of earnings, a report on an undervalued AI stock poised for massive gains is available.

Read more: MercadoLibre (MELI) Reported Strong Quarterly Performance, Driven by Revenue Growth in Argentina