In the early hours of Wednesday, it looks as if the larger tech stocks in the US are ready to continue to go higher. Ultimately, they are all in an uptrend, and this looks like it will continue, although traders will have to be aware of the earnings calls next
Microsoft will no longer be the exclusive provider of new cloud computing capacity to OpenAI — a new twist in their relationship that clears the way for OpenAI to work with Oracle and others on the $500 billion Stargate AI project announced by the companies Tuesday with President Trump at the White House.
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan's SoftBank Group to build up to $500 billion of new AI data centers in the United States.
Microsoft is losing its designation as the exclusive provider of computing capacity for OpenAI. Microsoft said it will now have "right of first refusal" when OpenAI asks for more computing capacity.
Microsoft (MSFT) reachead $428.50 at the closing of the latest trading day, reflecting a -0.12% change compared to its last close.
Microsoft was once the exclusive provider of data center infrastructure for OpenAI to train and run its AI models. No longer.
Dan Ives, Wedbush, joins 'Fast Money' to talk the U.S.' infrastructure investment plans and what it means for Big Tech.
OpenAI CEO Sam Altman speaks after President Trump announces Stargate.
President Trump makes a major infrastructure announcement on his second day in office.
Bill Gates is best known as the founder and former CEO of Microsoft (NASDAQ:MSFT), and that's how he'll be remembered in the history books.
The White House will likely announce a strategic commitment to Stargate, a next-generation AI supercomputer data center. The news could be a bullish catalyst for AI-related stocks.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.