Top 10 AI News Updates Investors Should Not Miss

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2. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 71

Datadog, Inc. (NASDAQ:DDOG) operates an observability and security platform for cloud applications. Its products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams, and universal service monitoring. On February 11th, Steven Koenig of Macquarie reiterated a Buy rating on the stock with a $200 price target.

Datadog, Inc. (NASDAQ:DDOG) has emerged as one of the companies well-positioned to benefit from the wave created by the growing demand for AI cloud monitoring services. The company is betting on strong demand for its AI-backed cybersecurity products. The ever-increasing number of Datadog clients implementing their AI applications in live production is anticipated to grow the company’s product usage. Cloud-based AI apps are expected to be widely adopted, which is good news for businesses like Datadog, which offers cloud infrastructure monitoring software.

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