Datadog to Buy Adaptive ML After 4.7% Stock Surge
DDOG•Datadog shares jumped 4.74% on July 1 after being flagged among the top pullback plays in the iShares Software ETF, which fell sharply from more than 25% above its 50-day moving average. Datadog agreed to acquire reinforcement learning startup Adaptive ML to expand its AI and machine-learning monitoring suite.
1. Software ETF Pullback Boosts Datadog Shares
Datadog was highlighted as one of the top pullback plays in the iShares Software ETF after the ETF dropped sharply from over 25% above its 50-day moving average. DDOG shares jumped 4.74% on July 1 as investors rotated into stocks with recent pullbacks.
2. Datadog Acquires Adaptive ML to Expand AI Capabilities
Datadog agreed to acquire reinforcement learning startup Adaptive ML to integrate advanced automated model tuning and anomaly detection into its platform. The deal is expected to enhance Datadog’s AI monitoring suite and accelerate its roadmap for machine-learning observability.
