Artemis US Select Fund on MongoDB
Thesis
Artemis recycled some profits from Advanced Micro Devices into MongoDB after the database software company's shares fell on fears that AI could disrupt its business. The team believes AI can instead improve MongoDB's products. The purchase therefore reflects confidence that MongoDB can adapt its database platform to the AI era rather than be displaced by it.
“We think the company can use AI to improve its products.”
Key risks
- AI could disrupt the database software market and weaken MongoDB's competitive position