MongoDB stock skyrockets 25% on AI, cloud database platform growth

MongoDB shares ripped 25% higher on Tuesday after the company blew past Wall Street's third-quarter expectations and lifted its forecast as its cloud database platform gained traction with customers. The database software provider posted adjusted earnings of $1.32 per share on $628 million in revenue. That topped the 80 cents adjusted per share and $592 million in revenue expected by analysts polled by LSEG. Revenues grew 19% from last year.MongoDB said its Atlas platform grew 30% from a year ago and accoun ...