Palantir (NYSE: PLTR) and (NASDAQ: DDOG) both streamline the collection of data for organizations. Palantir's government-oriented Gotham platform and commercial-oriented Foundry platform accumulate data from a broad range of disparate sources. Datadog's platform collects real-time diagnostics data from an organization's servers, databases, and apps, then aggregates that information onto unified dashboards to aid IT professionals.

Palantir and Datadog operate in different markets, but they attracted a lot of bullish attention after their public debuts.

Palantir listed its stock through a direct listing in September 2020, and its shares opened at $10 before skyrocketing to an all-time high of $39 the following January. Datadog went public through a traditional IPO at $27, and it surged more than seven-fold to its record high of $196.56 during the feverish peak of the growth stock rally in November 2021.

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Source Fool.com