June 2, 2023

DATABASE SOFTWARE COMPANY MDB JUMPS 35.4% AFTER EARNINGS – MDB TO BENEFIT FROM HIGH AI WORKLOAD

By Nigam Arora & Dr. Natasha Arora

Signal(s) to enter, add, reduce, exit, hold or change.

MongoDB (MDB) is a database software company. It is long from $24. It is trading at $373.64 as of this writing. It jumped 35.4% on earnings released yesterday after hours. This represents a 1558% gain on the position.

Earnings

MDB earnings were better than the consensus. They gained new customers, especially enterprise customers, and also highlighted higher workloads from current customers.

Artificial Intelligence

In The Arora Report analysis, MDB will benefit from high artificial intelligence compute workloads.

Buyout Candidate

MDB remains a buyout candidate. To date 180 of The Arora Report portfolio companies have been bought out producing a fortune for long-time subscribers.… Please click here or the title below to read more.

June 2, 2023

RENEWED AGGRESSIVE BUYING IN AI STOCKS DRIVES THE STOCK MARKET

By Nigam Arora & Dr. Natasha Arora

Editor’s Note:

This is the Afternoon Capsule that was provided before the jobs report was released. The jobs report was released this morning. To see the latest on the jobs report, please see the Morning Capsule that is available to paying members. The Morning Capsule is issued every morning before the market open.

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