Wall Street Loves This Artificial Intelligence (AI) Stock, but Should You Buy Now?
Shares of Datadog (NASDAQ: DDOG) have jumped an impressive 36% in the past two months, well beyond the broad recovery stocks have seen as President Trump put a pause on his most aggressive trade policies. As a cloud observability and security solutions provider, the company has been growing at a robust pace thanks to a sizable addressable market and the rapid adoption of artificial intelligence (AI) tools across the economy.Datadog's platform enables customers to monitor, analyze, and observe the performance of their cloud infrastructure and applications in real time. Customers can prevent potential issues with their IT infrastructure by using real-time data and troubleshooting problems before they worsen.And now, customers are deploying Datadog's solutions to monitor their cloud-based AI infrastructure, including large language models (LLMs) and generative AI apps, which could unlock a robust growth opportunity for the company. Not surprisingly, analysts are upbeat about Datadog's prospects. But is it a good idea to buy shares of Datadog following its double-digit rally?Continue reading
Shares of Datadog (NASDAQ: DDOG) have jumped an impressive 36% in the past two months, well beyond the broad recovery stocks have seen as President Trump put a pause on his most aggressive trade policies. As a cloud observability and security solutions provider, the company has been growing at a robust pace thanks to a sizable addressable market and the rapid adoption of artificial intelligence (AI) tools across the economy.
Datadog's platform enables customers to monitor, analyze, and observe the performance of their cloud infrastructure and applications in real time. Customers can prevent potential issues with their IT infrastructure by using real-time data and troubleshooting problems before they worsen.
And now, customers are deploying Datadog's solutions to monitor their cloud-based AI infrastructure, including large language models (LLMs) and generative AI apps, which could unlock a robust growth opportunity for the company. Not surprisingly, analysts are upbeat about Datadog's prospects. But is it a good idea to buy shares of Datadog following its double-digit rally?
