Shares of Snowflake Inc.
MongoDB Inc. MDB, -3.14% and Elastic NV ESTC, -1.49% were all rallying sharply in Tuesday’s premarket trading after Datadog Inc.’s DDOG, -3.04% upbeat earnings report eased fears about consumption-based software companies for the latest quarter. Snowflake shares were up more than 8%, while MongoDB shares were up about 6% and Elastic shares were ahead about 4%.
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