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How AMD, MongoDB, and Cloudflare Soared on AI-Powered Wings Last Month

TheMotleyFool

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How AMD, MongoDB, and Cloudflare Soared on AI-Powered Wings Last Month: https://g.foolcdn.com/editorial/images/735408/robot-in-deep-thought.jpg

The stock market as a whole had a pretty quiet month in May 2023. The S 500 market index traded sideways with a monthly gain of 0.3%, and the Dow Jones Industrial Average index fell by 3.5%.

But many companies with a tight connection to artificial intelligence (AI) broke that quiet trend. For example, these three AI-adjacent stocks posted massive gains last month, according to data from S&P Global Market Intelligence:

Source Fool.com