Why Microsoft Stock Crept Higher on Monday
On a very bullish trading day for stocks in general and tech titles in particular, Microsoft's (NASDAQ: MSFT) share price inched up by 1%. Many of those investors were reacting to the company's latest news about its partnership with a business that has been in the news quite a bit lately.
That morning on its official company blog, Microsoft announced a new round of investment into privately held artificial intelligence (AI) solutions developer OpenAI. This will be the third instance of the tech giant pumping money into the smaller company; it previously did so in 2019 and 2021.
Microsoft specified neither the amount of this new investment nor its major terms. It did say that the move "extends our ongoing collaboration across AI supercomputing and research and enables each of us to independently commercialize the resulting advanced AI technologies."
Source Fool.com
