Workflow
cloud database services
icon
Search documents
'AI may eat software,' but several tech names just wrapped a huge week
CNBCยท 2025-08-29 21:18
A banner for Snowflake Inc. is displayed at the New York Stock Exchange to celebrate the company's initial public offering on Sept. 16, 2020.MongoDB's stock just closed out its best week on record, leading a rally in enterprise technology companies that are seeing tailwinds from the artificial intelligence boom.In addition to MongoDB's 44% rally, Pure Storage soared 33%, its second-sharpest gain ever, while Snowflake jumped 21%. Autodesk rose 8.4%.Since generative AI started taking off in late 2022 followin ...