From Yahoo Finance: 2024-03-29 04:55:00

Nvidia shares have surged 255% fueled by AI enthusiasm, but most revenue comes from AI hardware. Ark Invest predicts AI software market 21x larger. Datadog could be best AI software stock based on Morgan Stanley and Wolfe Research endorsements. Datadog’s observability software is highly regarded by industry analysts and growing, supported by integrations and new products to support AI demand.

Datadog reported strong Q4 results with rising customers and revenue, strong net income, and high retention rates. RPO also increased, indicating future revenue growth potential. CEO notes increased AI integration. Datadog could benefit from AI trend, with projected growth supported by brand authority and broad product portfolio.

Datadog ranked No. 2 on Fortune Future 50 list. Wall Street expects 25% annual sales growth over five years. Current valuation is 20.6 times sales, reasonable for patient investors. Consider investment advice from Motley Fool Stock Advisor that offers a blueprint for portfolio success and top stock picks, excluding Datadog. JPMorgan is an advertising partner.



Read more at Yahoo Finance: The Single Best Artificial Intelligence (AI) Software Stock to Buy, According to a Wall Street Analyst — No, It’s Not Nvidia