MongoDB's (NASDAQ: MDB) stock has rallied nearly 70% so far this year as the software company impressed investors with its robust growth in a tough macro environment. Should investors still buy MongoDB today, or will it run out of steam again before it revisits its record highs? What does MongoDB do?
While estimates vary wildly, one of the most bullish prognostications comes courtesy of Cathie Wood's Ark Investment Management, which suggests that if vendors capture just 10% of the value created by their products, the AI software market could generate $14 trillion by 2030. HubSpot (NYSE: HUBS) made a name for itself by circumventing traditional advertising. The company has since expanded its offerings, which now run the gamut of customer relationship management (CRM) functions, providing a vast platform of interconnected offerings.
Growth from this company has topped key peers like Snowflake and Databricks, but that may not last long.