Microsoft stock recovers from weekend decline after hiring OpenAI’s leaders

Microsoft is the real winner of the OpenAI chaos that reigned over the weekend, and its rallying stock price is indicative of that. Upon the shocking news that OpenAI’s board had unexpectedly fired CEO Sam Altman on Friday, reportedly to due internal strife over OpenAI’s direction, Microsoft stock dropped more than 2% in after-hours trading, potentially wiping out tens of millions in market value. But after Microsoft CEO Satya Nadella announced early Monday morning the company has now hired Altman and OpenAI co-founder Greg Brockman, who also left in protest of Altman’s firing, Microsoft stock is once again …
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