MongoDB shares' mega fall at Nasdaq has grabbed all eyes on Monday at the U.S. Stock Market. One of Wall Street's bigger losses hit MongoDB Inc or MDB, which dropped 19.9 per cent to USD 335.26 after the database company said its CEO, Chirantan “CJ” Desai, is stepping down immediately to pursue a senior role at Meta Platforms. MongoDB provides a database software used by businesses to build and run applications, with tools for data management, search, analytics and AI. Earlier in May this year, MongoDB Inc shares saw median 12-month price target of USD 370.00.
Meta said it is bringing its AI models, agents and tools to businesses through the new Meta Enterprise Platform, including its Muse agent, Meta Business Agent and coding tools.
