Jim Cramer’s Game Plan This Week: 10 Stocks to Watch

5. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 49

Cramer stated that there is renewed enthusiasm for enterprise software companies such as MongoDB, Inc. (NASDAQ:MDB).

“The other standout should be this company called MongoDB, which is an enterprise data place play with tools that help other software developers create applications. For most of 2024, these kinds of stocks were in the doghouse, the market gravitated toward hardware, especially semiconductors, but then Salesforce reported excellent numbers this weekend, the stocks soared. While some of that’s because the quarter was truly excellent, much of it’s just a big change of sentiment toward these kinds of stocks.

These enterprise software stocks, which is what they’re called, were all doing okay during the low, but now they’re doing better than okay and the stocks are being greeted with extraordinary buying. Keep track of the enterprise software stocks.”

MongoDB (NASDAQ:MDB) offers a general-purpose database platform with solutions like MongoDB Atlas (a multi-cloud database service), MongoDB Enterprise Advanced (a commercial database for enterprises), and Community Server (a free version for developers). Management has expressed confidence in the company’s position to help customers adapt to the rapidly changing technological landscape.

The company remains a key partner for major hyperscalers globally, reflecting its integral role in supporting large-scale businesses. In November, the company announced an expanded collaboration with Microsoft, a move aimed at enhancing artificial intelligence application development, real-time data analytics, and improving deployment flexibility. This collaboration represents a significant step in the company’s efforts to provide robust solutions to its clients in the ever-growing AI sector.

Furthering its commitment to advancing AI initiatives, MongoDB (NASDAQ:MDB) revealed new additions to its MongoDB AI Applications Program (MAAP) in December. The program saw new partners such as Capgemini, Confluent, IBM, QuantumBlack, AI by McKinsey, and Unstructured join the initiative. These partnerships are expected to broaden the integration and solution options available to customers. Through MAAP, the company has already helped organizations like CentralReach to innovate with AI. The company’s AI experts continue to work closely with clients, addressing complex technical challenges.