DDOG
The mystery client rumor mill is doing its thing
Datadog shares got a jolt Thursday after Hunterbrook Media said Anthropic is the unnamed AI company behind Datadog’s “eight-figure annualized” contract disclosed on the company’s February earnings call. In other words: the market loves a good identity reveal, especially when the reveal comes with the words “major client” attached.
Why investors care
Hunterbrook’s report claims it found Datadog’s Real User Monitoring tools embedded in Claude.ai sessions and Anthropic’s desktop app, with telemetry turned up to 100%. If that’s right, Datadog isn’t just selling software — it’s becoming part of the plumbing for one of the fastest-growing names in AI.
The revenue angle is the real sauce
The juicy bit for investors is Datadog’s consumption-based pricing. That means if Anthropic keeps scaling, Datadog’s revenue can scale too instead of acting like a flat subscription that just sits there looking polite. Hunterbrook also says Anthropic’s annualized revenue run rate hit $30 billion this April, which, if accurate, is the kind of customer growth that makes observability vendors start smiling in spreadsheets.
The stock still had its mood swings
Despite the brief pop on the report, DDOG was still down 2.07% at $131.51 when Benzinga checked in. So yes, the market is intrigued — but it’s not exactly throwing a parade yet.
Big picture: If the report is right, Datadog may have quietly turned a headline AI client into a meaningful growth engine. And in cloud software, that’s the kind of plot twist investors actually pay attention to.