10 Stocks Drop Double Digits as Investor Caution Lingers

1. MongoDB Inc. (NASDAQ:MDB)

MongoDB fell by 26.94 percent on Thursday to end the trading session at $192.98 apiece as investor sentiment was weighed down by its weak outlook guidance, overshadowing its earnings performance.

For the fiscal year 2026, MDB said it expects adjusted earnings to settle between $2.44 and $2.62 apiece and revenues of $2.24 billion to $2.28 billion, way below what analysts had hoped.

Analysts, however, were expecting earnings per share of $3.34 and revenues of $2.32 billion.

According to MDB Chief Finance Officer Srdjan Tanjga, the company was expecting slower-than-expected growth in new applications harnessing its Atlas cloud-based database service.

However, it underscored that it would beef up hiring and clinching deals with larger companies to boost growth.

While we acknowledge the potential of MDB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MDB but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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