DDOG - 2 Monster Growth Stocks Shaping the Future of Artificial Intelligence (AI) to Buy Now and Hold Forever
2023-12-20 05:21:00 ET
Fortune recently published its Future 50 List for 2023, an annual ranking of the world's largest companies based on long-term growth prospects. Software vendors shaping the future of artificial intelligence (AI) were a common motif. Datadog (NASDAQ: DDOG) and CrowdStrike (NASDAQ: CRWD) made the list on that merit, ranking No. 2 and No. 3, respectively.
That recognition should carry weight for investors. Past Fortune Future 50 cohorts have grown revenue more quickly than the S&P 500 and the S&P 500 Growth indexes, and the first three cohorts (2017 to 2019) are beating both indexes in shareholder returns. Here's why Datadog and CrowdStrike are worth buying today.
Datadog specializes in observability software. Its platform integrates over two dozen modules that monitor various aspects of the corporate technology stack, enabling businesses to identify and resolve performance issues. Datadog's platform strategy positions the company as a product consolidator, meaning it can replace multiple-point solutions with a cohesive software suite. And that selling point is resonating with the market.
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2 Monster Growth Stocks Shaping the Future of Artificial Intelligence (AI) to Buy Now and Hold Forever