$Palantir Tech(PLTR.US) dipped slightly, $Datadog(DDOG.US) fell by more than three points. Palantir is propping up its high valuation with orders from government and commercial AI deployments, while Datadog's observability usage continues to rise but its valuation is too expensive. Fundamentals are fine; it's just that those that rose too much are seeing their valuations corrected. Those holding on can only brace themselves 🫠
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