Datadog stock jumps 28% on strong Q1 earnings and rising AI cloud demand

Datadog reported first-quarter earnings of $0.60 per share, beating estimates, and achieved a record $1.01 billion in revenue, driven by strong demand for its cloud security products and AI adoption. The company raised its annual forecast, prompting a 28.24% surge in its stock price. Investment firm Guggenheim raised its price target to $225, indicating confidence in Datadog's growth potential amid increasing cloud and AI market trends.