MongoDB Proves Skeptics Wrong With Strong Q2 Performance
MongoDB(MDB) Seeking Alpha·2024-09-02 19:00
1 1 Michael Vi MongoDB, Inc. (NASDAQ:MDB) stock has been falling sharply over the last months fueled primarily by general skepticism around whether AI will have an actual positive impact on software companies in the near future. In fact, the stock price has plummeted 50% from its February highs, and MDB's peers have experienced a similar fate. However, MongoDB's strong Q2 results and positive guidance revision seem to have proved skeptics wrong, which might be an inflection point for the company. Therefore, ...