Guggenheim downgrades Datadog due to concerns over spending cuts by major customer OpenAI.

Guggenheim has downgraded Datadog due to concerns over potential spending cuts by OpenAI. The move has caused Datadog’s stock to drop by 5.4%. OpenAI is a major customer of Datadog, accounting for 12% of its revenue. Analysts are closely monitoring the situation for further developments and impact on Datadog’s future earnings.

Read more at Investing.com: Guggenheim downgrades Datadog on fears that OpenAI will slash spending