Fidelity Growth Strategies Fund Gained from its Underweight Exposure in MongoDB (MDB)

By Yahoo! Finance | Oct 1, 2024 at 08:07 AM EST

Fidelity Growth Strategies Fund's Q2 2024 investor letter highlighted MongoDB, Inc. as a top holding. Despite recent declines, the company's revenue increased by 13% year-over-year. Fidelity sees potential in MongoDB but believes AI stocks offer better returns in a shorter time frame.

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