S&P 500 Hits Record High as Bull Market Strengthens; Datadog and Axcelis Positioned to Benefit from AI Growth
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A new bull market is underway after the S&P 500 closed at a record high last Friday. This could boost economic activity and corporate earnings.
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Datadog offers cloud monitoring and now AI tools to diagnose infrastructure issues. Its AI customer base grew in Q3, a promising trend.
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Datadog's tools also help engineers build AI models, a $14 trillion market opportunity by 2030 per Ark Invest.
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Axcelis manufactures equipment critical for making semiconductors and power chips for EVs and AI.
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Axcelis recently raised guidance. At 18.3 P/E, it trades at a 55% discount to semiconductor peers, presenting strong upside.