November 23, 2024

Microsoft Stock Climbs on Sam Altman Hire

Microsoft #Microsoft

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

Shares in the tech colossus closed around 2% higher Monday 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) now has a market value of more than $2.8 trillion, meaning the post-Altman move represents an additional $56 billion in value. Microsoft shares closed at a record high.

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