8 Stocks on Jim Cramer’s Mad Money Recap: IBM, Corning, and AI Rally Strength

4. Datadog, Inc. (NASDAQ:DDOG)

Datadog, Inc. (NASDAQ:DDOG) was one of the stocks featured in Jim Cramer’s Mad Money recap, as he discussed how the AI build-out could power the economy. Cramer highlighted the stock’s rally after the company posted its earnings, as he stated:

You can’t really teach an old dog new tricks unless it’s a Datadog… Today, Datadog blew away the numbers with accelerating revenue growth or ARG for both its artificial intelligence offerings and its so-called legacy business. In return, the market rewarded it with one of the biggest trophies I’ve ever seen, a stunning 31% gain. You’d think the company caught a takeover bid. It moved like that because finally, an enterprise software company shocked people with the magnificent upside surprise…

When I saw the Dog soar in pre-market trading, I knew that, in advance, it would come at the expense of hardware because there isn’t a lot of new money coming into this market. Without new money, anytime you buy something, it means you gotta sell something. The astonishing software gains meant that even the best of the hardware stocks would indeed get hammered, and that’s exactly what happened.

Datadog, Inc. (NASDAQ:DDOG) provides an observability and security platform designed to monitor cloud applications through infrastructure monitoring, log management, and network analysis.