Better sell now
Edit: Its possible I was correct but its getting hard to pinpoint where Microsoft ends and OpenAI begins as of late
this post was submitted on 21 Nov 2023
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I was almost sad I didn't own Microsoft stock and then I remembered I hate Microsoft and I would never buy Microsoft stock.
'All-time high' sounds more impactful in a headline than: 'Microsoft up 1.6% in one day on OpenAI news, but lose all of that gain that one day later'
But sure, let's put a biased message right in the headline, ignore relevant context and call it 'journalism'.
Stock market prices are fake anyway.
This is very Anakin---->Darth Vader like story arc.
This is the best summary I could come up with:
That comes after shares of Microsoft fell 1.7% on Friday, when Sam Altman was ousted from his position at OpenAI in a boardroom coup.
Altman’s hiring ended days of speculation that the former chief executive could return to the firm after his dramatic firing.
The stock is one of the “Magnificent Seven” that have powered the lion’s share of the market’s returns this year, boosted by Wall Street’s bet that artificial intelligence is the next big thing in tech.
Dan Ives, tech analyst at Wedbush Securities, reiterated his $425 price target for Microsoft’s stock following Altman’s and Brockman’s hires.
“We view Microsoft now even in a stronger position from an AI perspective with Altman and Brockman” at the company, Ives wrote in a note on Monday.
Nvidia shares gained 2.3% to end the trading session at $504.20 ahead of its earnings due on Tuesday, notching a record-high close for the chipmaker.
The original article contains 275 words, the summary contains 151 words. Saved 45%. I'm a bot and I'm open source!
Ah, what are they smoking at Redmond and does it show on a DOT drug screen?
Satya Nadella has done amazing things at the helm of Microsoft.