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OpenAI's COO says if you're bullish on AI, you can be bullish on legacy software too [Yahoo! Finance]

Microsoft Corporation (MSFT)  More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
His comments follow a brutal February sell-off of software stocks — or the "software apocalypse." Legacy software makers are not sleeping behind the AI wheel, says OpenAI's chief operating officer On an episode of the "Uncapped" podcast released on Wednesday, Brad Lightcap said that the software sell-off may have been unwarranted because software companies are working hard to incorporate AI. "A is: All of these companies are kind of as motivated and moving as quickly as any startup," he said. "B is: They've got amazing customer relationships." Lightcap joined OpenAI in 2018 as its chief financial officer and transitioned to becoming the COO of the frontier lab in 2022. On Wednesday's podcast, he said that, in OpenAI's experience working with these companies, he sees them rethinking the entire customer journey and exploring how they can serve additional markets with AI. He added that he would be concerned if this segment of companies, which includes giants like Salesforce, M [Read more]
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Stockreport

OpenAI's COO says if you're bullish on AI, you can be bullish on legacy software too [Yahoo! Finance]

Microsoft Corporation  (MSFT) 
More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
His comments follow a brutal February sell-off of software stocks — or the "software apocalypse." Legacy software makers are not sleeping behind the AI wheel, says OpenAI's chief operating officer On an episode of the "Uncapped" podcast released on Wednesday, Brad Lightcap said that the software sell-off may have been unwarranted because software companies are working hard to incorporate AI. "A is: All of these companies are kind of as motivated and moving as quickly as any startup," he said. "B is: They've got amazing customer relationships." Lightcap joined OpenAI in 2018 as its chief financial officer and transitioned to becoming the COO of the frontier lab in 2022. On Wednesday's podcast, he said that, in OpenAI's experience working with these companies, he sees them rethinking the entire customer journey and exploring how they can serve additional markets with AI. He added that he would be concerned if this segment of companies, which includes giants like Salesforce, M [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