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Microsoft closes at all-time high on fresh OpenAI-related optimism - TL;DR CNBC

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

Tickers: AMZNMSFTDDOG

Keywords: microsoft corpbusiness newsbreaking news: technologybusinessamazon.com incdatadog incenterprisetechnologysatya nadella

Source: https://www.cnbc.com/2023/11/07/microsoft-closes-at-all-time-high-on-fresh-openai-related-optimism.html


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