Microsoft (MSFT 0.06%) is in talks to invest $10 billion in OpenAI, the owner of ChatGTP. Here is a breakdown of the news, what it means for Microsoft stock, and how it could affect competitors like Alphabet (GOOG 1.04%) (GOOGL 1.19%) and Amazon (AMZN 0.70%).
*Stock prices used were the morning prices of Jan. 10, 2023. The video was published on Jan. 10, 2023.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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A bombshell dropped last night reporting that Microsoft is in talks to invest $10 billion in ChatGPT. What does this mean for investors and the competition?