Will Microsoft's Hire Of Sam Altman Accelerate Generative AI? 3 Analysts On Satya Nadella's Power Move
Portfolio Pulse from Surbhi Jain
Sam Altman and Greg Brockman, formerly of OpenAI, have been hired to lead a new advanced AI research team at Microsoft following their ouster from OpenAI. Analysts from Wedbush, Oppenheimer, and Evercore ISI view this as a positive move for Microsoft, with all maintaining an Outperform rating and setting price targets ranging from $410 to $432. Microsoft's stock was trading at $376.5 at the time of publication.
November 20, 2023 | 7:02 pm
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POSITIVE IMPACT
Microsoft's acquisition of AI talent Sam Altman and Greg Brockman is seen as a strategic enhancement to its AI capabilities. Analysts from Wedbush, Oppenheimer, and Evercore ISI have reaffirmed their Outperform ratings with price targets suggesting a significant upside.
The hiring of high-profile AI experts is a strong positive signal for Microsoft's commitment to AI, likely to be viewed favorably by investors. The unanimous Outperform ratings and high price targets from analysts suggest confidence in Microsoft's future performance, particularly in AI, which could lead to stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100