Argentina has been off the radar for many investors, due to mounting political and economic woes faced by the country over many years. Recently elected president Javier Milei has put forth an aggressive reform agenda, which he brands as “shock therapy.” While investing in a reform story like Argentina carries risks, initial signs have been positive, and successful implementation could help the country unlock the vast oil and gas reserves in the Vaca Muerta shale formation, one of the largest such resources in the world.
High Bandwidth Memory (HBM) is a type of memory technology that uses stacked DRAM chips to achieve high-speed data transfer and low power consumption. HBM is mainly used for applications that need high-performance computing, such as graphics cards, artificial intelligence (AI), and supercomputers.
This month’s commentary examines contributors and detractors from Q1 performance, as well as recent portfolio shifts, in greater detail.