Datadog (DDOG) stock plummeted by 11.4% following a brokerage firm’s “sell” recommendation, citing concerns about potential revenue erosion if its largest customer, OpenAI, moves workloads in-house. Guggenheim Securities downgraded Datadog to “sell” from “neutral” and highlighted OpenAI’s development of its own tools, which could impact Datadog’s billings in the future. Analysts estimate that OpenAI represents around 60% of Datadog’s AI-native customers and could lead to a revenue loss of up to $150 million by 2026. Guggenheim Securities predicts a slower revenue growth rate for Datadog in the upcoming quarters.

Read more at Yahoo Finance: Datadog (DDOG) Tumbles 11.4% on Analyst’s “Sell” Reco