July 18, 2024

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Microsoft Stock Price Jumps on Sam Altman Hire

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Updated 20 min ago

Microsoft Stock Price Jumps on Sam Altman Hire

How much is Sam Altman worth? Quite a bit judging by Microsoft’s stock price.

Shares in the tech colossus rose around 2% Monday in premarket trading after it hired the artificial-intelligence expert. Altman was booted late Friday from his previous outfit, OpenAI, which had significant backing from Microsoft.

Microsoft (MSFT) has a market value of more than $2.75 trillion, meaning the post-Altman move, if it holds, represents an additional $55 billion in value. It would also put Microsoft’s share price at a new record high.

2023-11-20 07:42:13

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