Datadog (DDOG) Rises as Snowflake Results Confirm AI Cloud Monitoring Demand

Shares of Datadog (NASDAQ:DDOG) rose 2.9% to $228.29 on May 29, 2026, after Snowflake’s strong earnings validated the thesis that accelerating enterprise AI workloads are structurally expanding the cloud monitoring market. Snowflake’s $6 billion AWS commitment and 13,600 AI-focused accounts highlight a more complex cloud environment — a direct boon for Datadog’s observability platform. Datadog had already surged 31% on May 7, when it reported first‑quarter revenue of $1.01 billion, up 32.2% year‑over‑year, and lifted its full‑year revenue forecast to $4.32 billion. Adjusted earnings per share of $0.60 beat estimates by $0.09. Customers paying more than $100,000 annually grew to 4,550. The stock is up 70.7% year‑to‑date and hit a 52‑week high.