Loop Drops MongoDB (MDB) Rating Over Sluggish AI Adoption
From Yahoo Finance: 2025-05-21 14:40:00
In response to US guidance against using advanced computer chips from China, China accuses the US of abusing export control measures and imposing discriminatory restrictions on Chinese chip products. The US Commerce Department issued the guidance last week, alleging violations of export controls.
China condemns US restrictions on Chinese chip products, stating they infringe upon legitimate rights and interests. China urges the US to correct its actions and work together to safeguard the consensus reached in Geneva talks. China warns of resolute measures to protect its rights if the US continues to harm.
Loop downgrades MongoDB (MDB) to “Hold” from Buy, citing sluggish AI adoption and reducing the price target. Despite potential, MDB ranks 8th among AI stocks making waves on Wall Street. For higher returns and limited risk, consider alternative AI stocks with greater promise.
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