Microsoft and Nvidia Stocks Hit All-Time Highs
On Nov. 20, Microsoft (MSFT) stocks reached an all-time high of $378.81, while Nvidia (NVDA) stocks also hit a record high of $499.60. This surge comes after a turbulent weekend for the AI sector, which saw the ousting of OpenAI CEO and co-founder Sam Altman.
Both Microsoft and Nvidia have experienced explosive growth in recent years, driven by the booming AI industry, particularly with the rise of deep learning and generative models such as OpenAI’s ChatGPT.
The late November spike in Microsoft’s stock price has been attributed to the company’s newest AI hire, former OpenAI CEO Sam Altman, who has reportedly agreed to head up a new AI division at Microsoft along with fellow OpenAI co-founder Greg Brockman.
Other notable AI stocks, including IBM and Tencent, have also demonstrated strong performance in 2023.
Nvidia’s Dominance in AI Hardware Market
Nvidia’s all-time high stock value comes as the company solidifies its position as the leading provider of artificial intelligence training hardware, due to its graphical processing units (GPUs). The increasing demand for GPUs has caused prices of flagship models to steadily rise over the past decade.
It remains to be seen whether the Nov. 20 highs of these stocks will continue to rise, stabilize, or decline before the market closes. Additionally, Altman’s status at Microsoft is uncertain, as a majority of OpenAI employees have demanded his reinstatement, threatening a potential walkout if their demands are not met.
Hot Take: AI Stocks Surge to All-Time Highs
The AI industry has seen significant growth and development, leading to record-high stock prices for major players such as Microsoft and Nvidia. The continued expansion of the AI sector, along with the strategic moves of key industry figures, has contributed to the market’s success. However, uncertainties surrounding the future of key personnel and potential market fluctuations could influence the trajectory of these stocks in the coming months. Overall, the AI industry continues to be a high-growth and dynamic sector with substantial potential for investors.
By
By
By
By
By
By