Microsoft Stock Climbs on Sam Altman Hire

Updated 9 min ago

Microsoft Stock Climbs on Sam Altman Hire


Alex Frangos

, Europe Finance Editor

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

Shares in the tech colossus rose around 1.5% Monday in early trading 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) has a market value of more than $2.75 trillion, meaning the post-Altman move, if it holds, represents an additional $55 billion in value. It could also put Microsoft’s share price at a new record high.


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