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Here's Why Several Cloud Computing Stocks Surged in May


Many cloud computing companies saw their share prices rise in May, according to data from S&P Global Market Intelligence. I'm going to focus on non-SQL database veteran MongoDB (NASDAQ: MDB), infrastructure-as-a-service expert Nutanix (NASDAQ: NTNX), and software management specialist New Relic (NYSE: NEWR). Here's how these stocks performed last month:

^SPX Chart

^SPX data by YCharts.

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Source Fool.com

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