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Microsoft looked at buying Cursor before SpaceX deal, sources say [CNBC]

Microsoft Corporation (MSFT)  More Company Research Source: CNBC
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
On Tuesday, SpaceX said it's obtained the right to acquire Cursor for $60 billion. Microsoft has been working to boost the popularity of its GitHub Copilot assistant. Prior to SpaceX's announcement this week that it's obtained the right to acquire Cursor for $60 billion, Microsoft looked at a potential deal for the AI coding startup, according to two people familiar with the matter. Microsoft, which is trying to boost the popularity of its artificial intelligence tools to keep pace in the booming market for AI tools, chose not to proceed with a bid, said one of the people. Both sources asked not to be named because the discussions were private. While Microsoft has gained traction among developers with GitHub Copilot, the AI coding market is currently being dominated by Cursor, along with Anthropic and OpenAI. Microsoft's primary role in the space has been as an investor and cloud provider, pumping billions of dollars into Anthropic and OpenAI, which have committed to hefty sp [Read more]
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Stockreport

Microsoft looked at buying Cursor before SpaceX deal, sources say [CNBC]

Microsoft Corporation  (MSFT) 
More Company Research Source: CNBC
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
On Tuesday, SpaceX said it's obtained the right to acquire Cursor for $60 billion. Microsoft has been working to boost the popularity of its GitHub Copilot assistant. Prior to SpaceX's announcement this week that it's obtained the right to acquire Cursor for $60 billion, Microsoft looked at a potential deal for the AI coding startup, according to two people familiar with the matter. Microsoft, which is trying to boost the popularity of its artificial intelligence tools to keep pace in the booming market for AI tools, chose not to proceed with a bid, said one of the people. Both sources asked not to be named because the discussions were private. While Microsoft has gained traction among developers with GitHub Copilot, the AI coding market is currently being dominated by Cursor, along with Anthropic and OpenAI. Microsoft's primary role in the space has been as an investor and cloud provider, pumping billions of dollars into Anthropic and OpenAI, which have committed to hefty sp [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MSFT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS