Database Software Maker MongoDB surging almost 30% today after this big earnings beat, some pretty strong guidance when it comes to competitors,

buckiness trend of a slowdown that pager duty and sales force have already

warned about and that is the focus of today's tech check with dear

drebosa morning day

morning guys we know that AI exuberance it has really driven the rally techs out

performance this year. The hope for some bulls is that cloud and enterprise

software stocks could keep that going. Mughto de B surge is helping other cloud

names like Data Dogs

Snowflake a handful of others and really the broader cloud ETSCLOU up nearly 2%

It has been a tougher space given the macro backdrop more scrutiny on enterprise spend

There's been pressure on deal size

and closure rates but mongo d b was far more positive than some of its peers

and made the case that fast-moving nimble software companies that prioritize data will be AI beneficiaries also.

On the call, CEO, Dev and Acharya said it is tough out there, but we will, but what we see

is that innovation is still a priority.

He said we see that customers really want to leverage software

as a competitive advantage.

So guys, as developers create new next generation applications for this AI shift they

need modern platforms or infrastructure and more data stores so while chipmakers like

invidia Broadcom we've talked a lot about them the picks and the shovels in this

gold rush some enterprise

software companies especially the ones with access to large data sets they could

...