Apple AI chief exits, MongoDB stock soars by 25% on Q3 earnings

December 2, 2025

Market Catalysts host Julie Hyman tracks several of the day’s top trending stock tickers, including the departure of Apple’s (AAPL) AI head John Giannandrea, MongoDB (MDB) shares jumping nearly 25% on its strong third quarter earnings results, and Credo Technology (CRDO) stock surging to an intraday record high on its own earnings release.

To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.

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We’re watching Apple, MongoDB, and Credo technology. First up, Apple, the company’s head of AI is departing the company and that departure comes as Apple has struggled to keep up with Silicon Valley and generative AI.

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In a statement, Apple said the AI chief will depart this upcoming spring. However, there will be no replacement for him. Instead, Apple’s opting to break up the artificial intelligence team across several divisions.

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Next, MongoDB, those shares up more than 25% after the database software company reported stronger than expected results.

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It also raised its full-year forecast. The company saw continued strength in Atlas, which is its cloud-based services that help companies automate tasks.

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Both Morgan Stanley and Barkley’s boosted their price targets on the stock. Morgan Stanley says the new CEO is confident in in the opportunity to become a generational data platform for the AI era.

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And finally Credo, those shares are surging to a record intraday high after its second quarter earnings. The company reported revenue that beat the average analyst estimate, its revenue forecast came in well above estimates.

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Wall Street has been quick to respond with analysts across the board increasing their price targets on that stock.

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