Microsoft shares closed up for the eighth consecutive day, reaching a record high of $360.53

  • The increase was attributed to positive updates from strategic partner OpenAI, including price cuts and plans for custom versions of the ChatGPT chatbot.
  • Microsoft’s investment in OpenAI and their partnership is seen as a positive for Microsoft’s Azure cloud infrastructure.
  • Analysts have a buy rating on Microsoft stock, highlighting the potential benefits of OpenAI’s growth.
  • Datadog indicated that clients are easing up on cost-saving projects, potentially impacting cloud monitoring software in Azure and other public clouds.
  • Amazon’s stock rose 2.13% but has not yet reached its record close from July 2021.