MDB - Why a Collaboration With Google Cloud Sent MongoDB Stock Higher Thursday Morning
2023-06-22 13:48:30 ET
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.
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Why a Collaboration With Google Cloud Sent MongoDB Stock Higher Thursday Morning