🔴 MDB is trading 3.6% down today as Alphabet's capex outlook triggers a reassessment of AI spending

MDB is trading at $325.33 (-3.6%) as Alphabet’s $175-185B capex announcement sparks a broader Nasdaq decline and concerns over the sustainability of AI-related growth.

• The stock has fallen 20.6% over the past month, significantly underperforming the S&P 500 as its premium valuation (61.64x Forward P/E) faces pressure from tech sector rotation.
• While Atlas revenue continues to grow 30% year-over-year with expanding AI integrations, sentiment remains bearish ahead of the company's Q4 earnings report scheduled for March 2.