Baron Capital, an investment management company, released its Q2 2026 investor letter for the "Baron Opportunity Fund". During the second quarter, the Baron Opportunity Fund increased 27.07% (Institutional Shares), outperforming both the Russell 3000 Growth Index (17.05%) and the S&P 500 Index (15.20%). In its Q2 2026 investor letter, Baron Opportunity Fund highlighted Datadog, Inc. (NASDAQ:DDOG). On August 11, 2026, Datadog, Inc. (NASDAQ:DDOG) closed at $246.78 per share, reflecting a market capitalization of $88.61 billion. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.