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Datadog (DDOG) shares ended roughly 15% higher on Tuesday after the observability service for cloud-scale applications came in handily above Street estimates for its fiscal Q4. As investors cheered the constructive release, DDOG soared past its 20-day moving average (MA), signaling the upward momentum could sustain in the near-term.
Versus its November high, Datadog stock remains down about 35%, indicating long-term investors may still have time to initiate a position in this fast-growing artificial intelligence (AI) beneficiary.