MongoDB MDB (MDB) stock surged after after topping earnings and revenue estimates for the second quarter. The database software company also raising its full-year forecast. It now sees revenue of $1.92 billion to $1.93 billion (previously saw $1.88 billion to $1.90 billion). MongoDB's third quarter forecast also beat Wall Street's expectations.

Market Domination's Josh Lipton and Madison Mills discuss the encouraging results and the more bullish sentiment in the software space.

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This post was written by Ivana Freitas.