Microsoft Stock Hits Record High with Altman Hire
Image source: https://edition.cnn.com/2023/11/20/investing/microsoft-stock-record-high-altman-openai/index.html
In a surprising turn of events, Microsoft Corporation witnessed a historic surge in its stock value on Monday, reaching an unprecedented peak following the announcement of Sam Altman's appointment as the head of its artificial intelligence innovation division.
The former chief executive of OpenAI, Altman's return to the tech giant sent shares climbing by 2.1%, concluding the day at an all-time high of $377.44, surpassing the previous record of $376.17.
The surge comes on the heels of a 1.7% decline in Microsoft shares on Friday, coinciding with Altman's abrupt departure from OpenAI due to a boardroom coup. Notably, Microsoft holds a significant stake in OpenAI, with a s...