Datadog’s stock shrugs off downgrade as some say Amazon AWS trends bode well

Datadog Inc. shares shrugged off a Wells Fargo downgrade Friday as Wall Street saw positive read-throughs for the observability company in Amazon.com Inc.’s latest cloud-computing results.

Amazon AMZN late Thursday offered what many saw as upbeat forward-looking commentary on its AWS cloud-computing business, as management acknowledged that customers are still “optimizing” their spending, or looking to get the most for their money, but that those optimization trends are “attenuating.”

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