These 6 Data Software Stocks Help Companies Put AI to Work
Six data software companies—Snowflake, Datadog, MongoDB, Cloudflare, Elastic, and Palantir—are benefiting from AI adoption with revenue growth ranging from 15% to 96%. While AI is driving acceleration for most, each company shows different results: Snowflake's product revenue accelerated to 37%, MongoDB reached highest growth in years at 30%, Cloudflare grew 39%, and Palantir surged 96% with commercial revenue exceeding government revenue for the first time. However, Datadog faces headwinds as its largest customer cut usage, and Elastic's growth is slowing. Valuation concerns persist, with Cloudflare and Snowflake trading at premium multiples.


