10 Unsexy AI Stocks According to Goldman Sachs

6. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 54

MongoDB, Inc. (NASDAQ:MDB) provides a general purpose database platform worldwide. Dev Ittycheria, the CEO of the firm, spoke at the Communacopia and Technology Conference earlier this month, outlining future growth plans. He said that over the next five years, AI would be more seen at the high end of the market, unlike other platform shifts of the past. He noted how customers were saddled with thousands and thousands of legacy apps where the cost to run and manage those apps was very high, and a confluence of factors were convincing customers to be more receptive to modernizing these applications with AI.

The MongoDB, Inc. (NASDAQ:MDB) bigwig remarked that his firm aimed to become a core ingredient of the future AI tech stack, and was architecturally well positioned to do that for inference workloads. Ittycheria said this was an important distinction because for AI workloads, there was even more requirement to be able to query and manage complex rich data structures, and firms needed a lot of flexibility and agility in their schema as data was always changing, while maintaining the performance and scale of a natively distributed system.