Top 10 Trending AI News Updates Investors Should Not Miss

2. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 83

Datadog, Inc. (NASDAQ:DDOG) is a technology company that provides an observability platform, offering monitoring and security services for cloud-scale applications. It also uses AI and machine learning to enhance its monitoring and analytics platform, offering features like AI-driven alerting, root cause analysis, and generative AI capabilities. Analysts at DA Davidson reiterated a Buy rating on the stock on March 17 and a $165 price target.

The bullish stance comes amid growing expectations that Datadog, Inc. (NASDAQ:DDOG) is well-positioned to benefit from the shift from AI hardware to AI software infrastructure. According to DA Davidson, the company’s financials could be significantly boosted due to growing platform usage, continuous cloud migrations, and the advantages of generative AI technology. Datadog is positioned to benefit from these changes in the technology landscape as businesses continue to use AI technologies and move to cloud-based solutions.