MongoDB stock is taking a breather after a 100% rally. Time to scoop up shares

This year, the AI boom has been the main driver for stellar stock market returns. This novel technology has benefited some companies and hurt others. Next-gen database company MongoDB ($MDB) has been one of the biggest beneficiaries of the AI revolution. MDB stock has nearly doubled YTD amid continued stellar top and bottom-line performance. However, as you can see below, the stock rally has hit a pause lately. This is perfectly normal given the 100% rally in just a few months.

The current dip is presenting an attractive buying opportunity in one of the most promising tech companies in the AI-powered world. MongoDB’s most recent earnings results confirmed the strong and increasing demand for its modern database platform. On top of that, profitability improved significantly during the quarter. The combination of the two can drive MDB stock to even higher levels in the short, mid and long run. Let’s take a deeper dive.

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