Microsoft shares jumped 1.5% on Monday after a Sunday announcement it had hired OpenAI founder Sam Altman—who was recently forced out by the AI chatbot ChatGPT maker’s board—to lead its new advanced AI research team.
As markets opened Monday morning, MSFT—which trades on Nasdaq—rose 1.5% in the first 10 minutes. The stock closed at $369.67 on Friday and rose by $2.63 during pre-market trading. As of this writing, MSFT shares were trading at $375.31.
On Friday, Sam Altman was ousted as…
