8 AI News Updates Investors Should Not Miss

4. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 71

Datadog, Inc. (NASDAQ:DDOG) is a technology company that operates an observability and security platform for cloud applications. Its products comprise infrastructure and application performance monitoring, log management, and digital experience monitoring. On February 11th, Blair Abernethy of Rosenblatt reiterated a Buy rating on the stock and hiked the price target to $160 from $148.

Datadog, Inc. (NASDAQ:DDOG) has emerged as one of the biggest investors in artificial intelligence as it looks to strengthen its cloud offerings and competitive edge. The platform from Datadog keeps an eye on a variety of computer systems and compiles all of the diagnostic information into a single, cloud-based dashboard. Cloud-based AI apps are expected to be widely adopted, which is good news for businesses like Datadog, which offers cloud infrastructure monitoring software. IT specialists find it much simpler to identify possible issues using that method.