Unpacking The Impact Of OpenAI's Bold Move To Oust CEO - What It Means For Investors

• Microsoft has strategically enhanced its position in the AI industry by acquiring OpenAI former CEO Sam Altman.
• Microsoft's stock has seen a 55% increase over the year.
• As Microsoft's stock continues to climb, the next significant financial milestone is the $400 level.

Microsoft Corp MSFT took a strategic leap forward to dominate the AI sector by acquiring ousted OpenAI CEO, Sam Altman.

This move showcases Microsoft's determination to lead the way in AI technology, even amidst fierce competition from industry titan Google.

Microsoft's recruitment of Sam Altman and other notable individuals from OpenAI is a strong indication of their commitment to leading the AI race. 

Altman, a respected authority in AI with a forward-thinking mindset, will serve as the leader of a new research team at Microsoft, bringing in an abundance of expertise and experience, and positioning Microsoft to excel in its AI endeavors.

The company's recent move has resulted in the company's shares soaring to new record heights.

The stock closed the day with a significant gain of over 2%. This is just another milestone in a remarkable year for Microsoft's stock, which has witnessed an impressive 55% surge for 2023.

Between November 2021 and November 2023, the stock went through a prolonged period of consolidation. This length of consolidation often precedes a significant trend in the direction of the breakout, especially when it lasts for a significant amount of time.

Investors should closely monitor the stock for indications of a long-term trend unfolding. It is important to note that before this consolidation phase, Microsoft's stock had consistently experienced growth from 2009 to 2021, signaling a history of sustained upward movement.

The stock is rising, and investors are looking towards the next important milestone at $400. This figure represents a key level of resistance and breaking through it would strongly reinforce Microsoft's financial strength and position in the competitive field of AI.

After the closing bell on Monday, November 20, the stock closed at $377.44, trading down by 2.05%.