A viral research report paints a scary AI future with high unemployment and crashing markets despite productivity gains. Software and payments stocks tank as investors react to the "what if AI success is bad?" scenario.
Datadog (DDOG) shares jumped 15% after reporting Q4 revenue of $953M, beating estimates. AI-driven demand for cloud monitoring tools fuels growth with 603 customers spending $1M+ annually.
Stifel upgrades Datadog to Buy, citing strong growth, a likely Q4 earnings beat, and attractive valuation despite a lower price target.
Snowflake eyes $1B Observe acquisition to compete with Datadog and Splunk, but high consumption costs raise questions about viability.
Datadog expects fourth-quarter revenue of up to $916 million—above Wall Street forecasts—driven by rising demand for AI-powered cloud security and monitoring tools. Shares jump over 20% in premarket trading.
