Why a Collaboration With Google Cloud Sent MongoDB Stock Higher Thursday Morning
Shares of MongoDB (NASDAQ: MDB) charged sharply higher Thursday, surging as much as 6.4%. As of 1 p.m. ET, the stock was up 4%.
The catalyst that drove the database-as-a-service (DBaaS) provider higher was a partnership with Alphabet's Google Cloud to help developers build apps powered by artificial intelligence (AI).
At the company's developer conference today, MongoDB revealed a deal with Google Cloud that will help developers tap into the vast opportunity represented by generative AI and hasten the creation of AI-infused applications. MongoDB and Google Cloud announced a "growing set of solutions and integrations" that will help developers harness the power of AI in creating their apps.
Source Fool.com
MongoDB Inc. Stock
€293.70
-5.090%
With 27 Buy predictions and 2 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 434 € shows a positive potential of 47.77% compared to the current price of 293.7 € for MongoDB Inc..
