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Datadog stock gives up gains after Amazon calls out further cloud deceleration

Clyde Edgerton by Clyde Edgerton
April 28, 2023
in Markets
Datadog stock gives up gains after Amazon calls out further cloud deceleration
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Shares of Datadog Inc. initially surged in after-hours trading Thursday after Amazon.com Inc.’s earnings showed slightly better-than-expected sales for its AWS cloud-computing unit, but they turned around after Amazon disclosed a further cloud slowdown on its earnings call. Datadog’s stock was recently down 4% in Thursday’s after-hours trading. It gained 1.4% in Thursday’s regular session and rocketed 10.5% in Wednesday trading after Microsoft Corp. offered upbeat commentary about its Azure cloud-computing business that an analyst said was a positive signal for Datadog. The company’s “growth prospects are linked to…



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