MongoDB Inc. (NASDAQ:MDB) is one of the best NASDAQ stocks to buy according to hedge funds. On September 16, MongoDB announced the launch of MongoDB AMP, which is an AI-powered Application Modernization Platform. The platform is designed to help enterprises transform legacy applications quickly into modern, scalable services, thereby reducing technical debt and speeding innovation. MongoDB AMP combines an AI-powered software platform, a proven delivery framework, and experienced AMP delivery engineers to ...

Earlier on August 19, Erik Woodring of Morgan Stanley joined CNBC’s ‘The Exchange’ to discuss the most under-owned tech stocks and what’s behind the bifurcation in the sector. Woodring believes that mega-cap tech is under-owned in the market, as Morgan Stanley revealed that these stocks are the most under-owned by actively managed funds in over 16 years. The gap between the portfolio weightings of these stocks and their weightings in the S&P 500 index widened significantly in the second quarter. Despite thi ...