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3 Beaten-Down Artificial Intelligence (AI) Stocks to Buy Hand Over Fist
DDOGDatadog(DDOG) The Motley Fool·2024-07-20 09:35

So if you're shopping for a few beaten-down AI stocks as contrarian plays, you should consider buying Snowflake (SNOW 0.01%), Datadog (DDOG 0.18%), and Upstart (UPST -2.18%) -- which all still trade well below their all-time highs. The macro headwinds drove many companies to rein in their cloud spending, and rising interest rates exacerbated that pressure by squeezing its valuations. Snowflake's product revenue (which accounts for most of its top line) more than doubled in fiscal 2021 and fiscal 2022 (which ...