OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the company to hit its full-year target amid booming AI adoption.

Despite the looming challenges, Datadog should be able to guide third-quarter revenue “at least in line with consensus of 18.5% growth.” The company’s full-year guidance already implies a significant deceleration in the second half of the year, Guggenheim noted.

Overall, OpenAI’s monthly revenue is now at $300 million, a 1,700 percent increase since the beginning of 2023, and the company anticipates about $3.7 billion in annual sales this year.

There are no bargains in artificial intelligence. Investors just gave $2 billion to Mira Murati’s Thinking Machines Lab, which is five months old, has no products and produces little revenue. There is value,

Datadog, Inc. (NASDAQ:DDOG) is one of the 10 AI Stocks Investors Are Watching This Week. On July 8, Guggenheim cut the stock’s rating to “Sell” from Neutral on a target price of $105. The firm has warned that Datadog may suffer a major revenue hit if OpenAI,

Datadog Inc (NASDAQ: DDOG) shares are trading lower Tuesday after analysts at Guggenheim downgraded the stock from Neutral to Sell, setting a new price target of $105.