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Datadog’s Dip: One Client, Thousands Watching | Durham News
Datadog’s stock plunged 19% despite beating earnings and raising its forecast—thanks to a warning from management about OpenAI slashing usage, even after signing a huge deal. This mirrors last summer’s concerns, which the market shrugged off as Datadog nearly doubled. Now, analysts argue the dip is overblown: while revenue from this one client slows sharply, Datadog’s broader business is accelerating in the high 20s, fueled by large enterprises consolidating on its platform. The real test? Whether the company’s 4,700+ other major clients can grow fast enough to offset the loss. If yes, this…
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