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Why MongoDB, Datadog, and Appian Surged Today

·4 min read
In this article:
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There wasn't any material news out of these companies today; however, most high-growth software stocks surged today after the market fell to yearly lows last week. In the wake of the Federal Reserve hiking interest rates by 75 basis points last week, the largest increase since 1994, investor attention is now turning away from inflation risks and now more toward recession risk. MongoDB's document style of database is disrupting the traditional row-and-column format of many traditional databases.

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