Comment on Microsoft stock hits all-time high after hiring former OpenAI CEO Sam Altman
garretble@lemmy.world 11 months agoI was thinking the increase would be huge, but it went up 2%. Not nothing. But I was expecting a big jump.
Comment on Microsoft stock hits all-time high after hiring former OpenAI CEO Sam Altman
garretble@lemmy.world 11 months agoI was thinking the increase would be huge, but it went up 2%. Not nothing. But I was expecting a big jump.
ChlorineAddict@lemmy.world 11 months ago
When you’re just shy of a three trillion dollar company big jumps are harder. Plus with the stock up 15% for the month and up 56% for the year people’s, once balanced, portfolios are likely already overly committed to Microsoft based on how it’s performed this year. It’s hard to ignore a stock when it’s performing this well, this consistently, but it puts an investor in a precarious position. If you haven’t already invested based on the AI boom this year has brought, this wouldn’t have been a tipping point. It was a plus, but only a small plus comparatively. The shake up of OpenAI has much more potential for a big sell off for Microsoft than a buying frenzy. This was more silver lining on instability of a big bet Microsoft made.