Top 10 AI Stocks Trending On Wall Street

6. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 49

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide. It securely amalgamates operational, unstructured, and AI-related data to streamline building AI-enriched applications. On February 4, the company announced that it has partnered with Lombard Odier, a global Swiss private bank, to further streamline its banking technology systems. The collaboration between the two has helped Lombard Odier to modernize its systems and applications with generative AI, enabling code migration 50-60 times faster and reducing project timelines from days to hours. Lombard Odier builds on its 10-year relationship with MongoDB to lead its transformation initiative. As part of the GX Program, a seven-year initiative launched in 2020, the bank has been leveraging MongoDB’s scalable data platform to enhance the digital experience for its customers. It has also co-built a modernization factory to create customizable generative AI tooling, streamlining integration testing and code generation for easy deployment.

“Financial institutions with as much history as Lombard Odier undoubtedly have large, complex legacy systems that have been supporting the business for decades. However, it is important for organizations to constantly evaluate these systems to understand if they are still serving their best interest today, and for the future. This can be a daunting task, but we are proud to have worked through this with Lombard Odier to prove that it is possible and can actually be quite simple with the right technology. The transformation work Lombard Odier has done sets them up to take advantage of new, cutting-edge technologies which improve customer experience immensely.”

-Sahir Azam, Chief Product Officer at MongoDB.