Microsoft And Nvidia Shares Reached Their All-Time High.

Sam Altman, the former CEO of OpenAI, triggered a significant shift in the industry with his deal with Microsoft and Nvidia's new chatbot project.

Microsoft (MSFT) shares reached an all-time high of $378.81 on November 20 following the removal of OpenAI CEO Sam Altman from his position. Similarly, Nvidia (NVDA) shares also hit an all-time high of $499.60.

The emergence of productive artificial intelligence models, especially projects like OpenAI's ChatGPT, contributed to the rapid rise in the shares of both companies.

Many experts attribute the increase in Microsoft shares to the dismissal of former OpenAI CEO Sam Altman.

Altman's surprise removal on November 17 initially led to the temporary appointment of CTO Mira Murati. Later, former Twitch CEO and co-founder Emmett Shear took over Murati's position.

first and last time i ever wear one of these pic.twitter.com/u3iKwyWj0a

— Sam Altman (@sama) November 19, 2023

However, it has been reported that both Altman and OpenAI co-founder Greg Brockman accepted positions at Microsoft to lead a new AI division, despite the company having invested approximately $13 billion in OpenAI under the leadership of Satya Nadella.

While Microsoft shares experienced an increase with this news, gains across the industry remained relatively stable for much of 2023. Many other artificial intelligence stocks, including notable performers like IBM and Tencent, showed high return performance alongside companies such as Microsoft and Nvidia.

Nvidia's gains stem from the company maintaining a strong position in the field of artificial intelligence training hardware, securing its leadership position in the market through GPUs.

However, the situation for Altman and Microsoft remains uncertain at this time. Some OpenAI employees have threatened to go on strike if Altman is not reinstated in his role at the company.