10 AI News Investors Probably Missed

4. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 49

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform. Bernstein suggested that MongoDB and Snowflake may benefit from increased inferencing. If inferencing costs decline and smaller language models become more accessible, more companies could develop generative AI applications. This would lead to a rise in database queries, positively impacting both firms over time. Overall, MongoDB has been covered by 37 analysts with an average price target of $400, a 42% increase from current levels on January 29.