MICROSOFT TO FINANCE ARTIFICIAL INTELLIGENCE BY NOT GIVING EMPLOYEES RAISES, PRODUCER INFLATION EASES
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
No Raises
Please click here for a chart of Microsoft stock (MSFT).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of Microsoft is being used to illustrate the point.
- The chart shows that Microsoft stock has taken three legs up this year on an artificial intelligence frenzy related to ChatGPT.
- Investors have bid up Microsoft’s stock as shown on the chart in spite of significant deterioration in its business in the same way investors have bid up Apple (AAPL) stock in spite of Apple being on track for declining revenues three quarters in a row.
May 11, 2023