Jim Cramer explains that investors are not abandoning AI or tech stocks but are moving away from high-priced stocks to more reasonably valued ones. He cites Dell and Nvidia as examples of companies with attractive valuations that are still gaining investor interest, while pricier stocks like MongoDB face sell-offs despite strong earnings. This rotation reflects caution about paying premium prices for stocks that require near-perfect results to justify their valuations. Cramer emphasizes that the AI trade remains intact, with investors becoming more selective rather than exiting the sector.
Several tech stocks including Pasqal, Credo, Palo Alto Networks (PANW), FuelCell Energy (FCEL), and MongoDB (MDB) saw significant declines on September 2, 2026. Pasqal dropped over 21% despite positive quantum computing progress, likely due to profit...
MongoDB reported strong quarterly results with revenue up 30.5% year-over-year and raised its full-year revenue guidance. Despite beating earnings estimates and showing growth in its Atlas and Enterprise Advanced segments, the stock fell 13.6% in one...
MongoDB reported strong Q2 fiscal 2027 results with revenue of $771.8 million, up 30% year-over-year, surpassing analyst estimates. Subscription revenue grew 31%, and the company returned to GAAP profitability with net income of $40.9 million. MongoD...
Dell Technologies reported a strong Q2 with revenue up 58% to $46.97B and raised its full-year revenue guidance by $25 billion, driven by AI-optimized server sales. MongoDB posted double-digit growth and raised its FY27 profit and revenue outlook des...
MongoDB reported strong Q3 results with earnings per share of $1.90, beating analyst estimates of $1.62 by 18%. The company's revenue rose 30% year-over-year to $771.77 million, surpassing forecasts and marking the highest revenue growth in years. Su...
