Microsoft Stock Hits All-Time High Following the Hiring of Hired Sam Altman

On Monday, November 20, Microsoft stock achieved a new high after officials announced that Sam Altman, former CEO of artificial intelligence company OpenAI, will join the business to lead its artificial intelligence innovation division.


On Monday morning, shares of the tech titans peaked at $377.10 before falling slightly. To reach an all-time high, the stock must close above $376.17.



On Friday, November 17, Microsoft shares slumped 1.7% after Sam Altman was dismissed from his role at OpenAI in a boardroom coup. With a $13 billion investment in the company, Microsoft is the company’s largest shareholder.

Also joining Microsoft is Greg Brockman, who co-founded OpenAI and left after Altman was fired.


Altman’s hiring put a stop to speculation that the former CEO might return to the company after his abrupt dismissal. Emmett Shear, the former CEO of Amazon-owned streaming site Twitch, will take over as interim CEO from OpenAI chief technical officer Mira Murati.


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