Investing.com — The Dow closed higher Monday, ahead of the release of minutes from the Federal Reserve’s September meeting and earnings from Nvidia that will likely set the tone for big tech in a holiday-shortened week.
By 16:00 ET (21:00 GMT), the rose 203 points, or 0.6%, higher, rose 0.8%, and climbed 1.1%.
Microsoft closes at record after boosting AI push with Altman hire
Microsoft (NASDAQ:) rose 2% to close at a record high after it hired Sam Altman to lead a new advanced artificial intelligence research team, just days after he was forced out as CEO of OpenAI. Reuters reported that OpenAI’s staff has threatened to quit the artificial intelligence startup and join former Altman unless the board resigns.
“Altman is now leading the company key AI efforts which we expect many key scientists and developers to leave OpenAI and head directly to Microsoft,” Wedbush said in a note.
Nvidia hits record ahead of earnings
Chipmaker Nvidia (NASDAQ:) rose 2% to close at an all-time high ahead of its quarterly results on Tuesday that have recently served as a barometer of AI demand.
The chipmaker’s guidance will be closely watched at a time when many are…
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