Microsoft Corp. moved quickly to turn a negative into a positive, and that helped it win Wall Street’s cheers Monday.
When news broke late Friday that OpenAI’s board had ousted Sam Altman as its chief executive, Microsoft shares MSFT extended earlier declines as analysts wondered about the future of the ChatGPT parent company, which counts Microsoft as an investor and partner. Altman had been the face of OpenAI — and arguably of the entire recent artificial-intelligence frenzy.
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?