Why MongoDB Rallied This Week
Shares of database disruptor MongoDB (NASDAQ: MDB) rallied 17.7% this week through Friday as of 12:15 p.m. ET, according to data from S&P Global Market Intelligence.MongoDB reported its fiscal first-quarter earnings on Wednesday, trouncing analyst estimates and showing some reacceleration from the prior quarter.MongoDB has said that it would become an artificial intelligence (AI) winner once the "experimentation" phase ended and companies began to build AI-powered software applications. It looks like that may be starting now.Continue reading
Shares of database disruptor MongoDB (NASDAQ: MDB) rallied 17.7% this week through Friday as of 12:15 p.m. ET, according to data from S&P Global Market Intelligence.
MongoDB reported its fiscal first-quarter earnings on Wednesday, trouncing analyst estimates and showing some reacceleration from the prior quarter.
MongoDB has said that it would become an artificial intelligence (AI) winner once the "experimentation" phase ended and companies began to build AI-powered software applications. It looks like that may be starting now.
