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

cnbc.com Ari Levy Mackenzie Sigalos 2025-10-20 18:18:22

A banner for Snowflake Inc. is displayed at the New York Stock Exchange to celebrate the company's initial public offering on Sept. 16, 2020. 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 jumped 21%. Autodesk rose 8.4%. Since generative AI started taking off in

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MongoDB stock surges 37% after earnings as company touts customer growth boom

cnbc.com Annie Palmer 2025-10-26 05:00:46

MongoDB shares skyrocketed 37% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.00 adjusted vs. 66 cents expected $1.00 adjusted vs. 66 cents expected Revenue: $591 million vs. $556 million expected MongoDB's revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47.04 millio

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MongoDB stock surges 30% after earnings as company touts customer growth boom

cnbc.com Annie Palmer 2025-10-27 09:44:27

MongoDB shares skyrocketed more than 30% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.00 adjusted vs. 66 cents expected $1.00 adjusted vs. 66 cents expected Revenue: $591 million vs. $556 million expected MongoDB's revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47

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