AI & Enterprise
MongoDB shares plunge on weak guidance as AI threat fears grow
MongoDB beat Wall Street expectations in fourth-quarter results but its shares fell sharply after it issued lower-than-expected guidance, SiliconANGLE reported. The company posted adjusted earnings per share of $1.65 and revenue of $695.1 million, up 27 percent. For the first quarter, it forecast adjusted EPS of $1.15 to $1.19 and revenue of $659.0 million to $664.0 million. Concerns grew that AI could threaten its database model.
