MongoDB, Pure Storage and Snowflake all touted artificial intelligence in earnings reports this week.
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MongoDB’s
stock just closed out its best week on record, leading a rally in enterprise technology companies that are seeing tailwinds from the artificial intelligence boom.
In addition to MongoDB’s 44% rally, Pure Storage
soared 33%, its second-sharpest gain ever, while Snowflake
Datadog's results fueled shares of other cloud infrastructure names like Snowflake and MongoDB.
MongoDB said its Atlas platform grew 30% from a year ago as it benefits from AI tailwinds
With the largest cloud and internet companies reporting results this week, it's clear that spending on artificial intelligence is…
Technology firms tied to the AI boom dominated the list of S&P 500 stocks with the largest increase in "ownership breadth," Bank…
The firm called out a slew of buy-rated software stocks, including Snowflake and MongoDB, as the sector slides.
Hyperscalers Alphabet, Amazon and Microsoft have been investing heavily in chips to power quantum computing
