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'AI may eat software,' but several tech names just wrapped a huge week

1. MongoDB's stock surged 44%, marking its best week ever. 2. Revenue rose 24% to $591 million, surpassing analyst estimates. 3. CEO indicates slow enterprise rollout of AI but sees growth opportunities. 4. Company added record 5,000+ customers in the first half of the year. 5. AI boom supporting enterprise tech, boosting MongoDB's market position.

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FAQ

Why Very Bullish?

MongoDB's significant revenue growth and record customer additions suggest strong momentum, similar to Nvidia's past performance.

How important is it?

The article highlights MongoDB's earnings success and strategic position in the AI landscape, suggesting high relevance to investors.

Why Short Term?

Immediate investor interest and AI adoption may continue to drive short-term stock gains as market conditions are favorable.

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