MDB is trading at $336.65 (+3.1%) amid a broad tech recovery as investors buy the dip following yesterday's sell-off triggered by AI spending fears.
- Major indices are rebounding strongly, with the NASDAQ up 1.21% and the S&P 500 up 1.17% as market sentiment shifts back to growth stocks.
- The stock continues to see support from its strong Q3 earnings report, which featured an EPS beat of $1.32 and revenue growth of 18.7%.
- There is no company-specific news today; the price action is primarily driven by macroeconomic factors and sector-wide momentum.