Microsoft closes at all-time high on fresh OpenAI-related optimism
Publishing timestamp: 2023-11-07 22:53:40
Summary
Microsoft shares closed at a record high after updates from strategic partner OpenAI sparked optimism about growth in artificial intelligence. The stock had its eighth consecutive day of gains, a feat not seen since January 2021. OpenAI announced price cuts and plans to allow custom versions of its chatbot, which could drive greater consumption of Microsoft's Azure cloud infrastructure. Analysts have a positive outlook on Microsoft stock due to its partnership with OpenAI.
Sentiment: POSITIVE
Keywords: microsoft corp, business news, breaking news: technology, business, amazon.com inc, datadog inc, enterprise, technology, satya nadella,