Go! Microsoft & Nvidia Shares Soar To All-Time Highs

<p>&nbsp;Sam Altman, the former CEO of OpenAI is said to have together with Microsoft and Nvidia benefited from Big Tech's efforts to improve its chatbot.</p><p><br /></p><p>Microsoft shares hit an all-time high of $378.81 on November 20 due to the ouster of OpenAI CEO Sam Altman.</p><p><br /></p><p>Meanwhile, Nvidia stock hit an all-time high of $499.60 and continued its uptrend from a 1-year low of $138.84.</p><p><br /></p><p>The explosion in the use of AI in learning and generative models such as ChatGPT has led to significant growth for both stocks over the past few years.</p><p><br /></p><p>According to Sam, many companies in the United States (US) are pushing the use of AI at the end of November based on Microsoft data.</p><p><br /></p><p><br /></p><p>On November 17th, OpenAI Director announced the dismissal of Sam Altman and placed Mira Mulati as interim CEO. He was later replaced by Emmett Shear, former Twitch CEO and co-founder.</p><p><br /></p><p>Meanwhile, Sam Altman and Greg Brockman, co-founders of OpenAI have agreed to lead the new AI division at Microsoft even though the company has invested about $13 billion in OpenAI.</p><p><br /></p><p>Since the news broke, Microsoft shares have soared even as profits have been flat for the entire sector through 2023. Many other well-known AI stocks have also shown strong revenue performance and significant gains.</p><p><br /></p><p>Microsoft, Nvidia, IBM and Tencent were each at five-year one-month highs, based on the latest data.</p><p><br /></p><p>Many OpenAI employees have publicly written letters demanding Altman's reinstatement at Microsoft or his mass resignation. That will raise concerns about the future of the company.</p>