Microsoft stock notches new record as CEO touts OpenAI relationship

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stock notches new record as CEO touts OpenAI relationship

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Chairman and Chief Executive Officer Satya Nadella speaks during the

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Build 2025, conference in Seattle, Washington, on May 19, 2025.

Jason Redmond | AFP | Getty Images

On a down day for the market,

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reached a record high for the first time in 11 months.

Shares of the software giant rose 0.8% to close at $467.68.

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has once again reclaimed the title of world’s largest company by market cap, with a valuation of $3.48 trillion. Nvidia has a market cap of $3.42 trillion, and Apple is valued at $3 trillion.

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last recorded a record close in July 2024. The stock is now up 11% for the year, while the Nasdaq is flat.

Tech stocks broadly dropped on Thursday, led by a plunge in Tesla, as CEO Elon Musk and President Donald Trump escalated their public beef. Musk, who was leading the Trump Administration’s Department of Government Efficiency (DOGE) until last week, has slammed the Trump-backed spending bill making its way through Congress, a spat that has turned personal.

But

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investors appear to be tuning out that noise.

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CEO Satya Nadella focused on his company’s tight relationship with artificial intelligence startup OpenAI in an interview with

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, some portions of which were published on Thursday.

“Why would any one of us want to go upset that?” he told Bloomberg. Nadella told analysts in January that OpenAI had made a large new commitment with

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’s Azure cloud. In total,

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has invested nearly $14 billion in OpenAI.

WATCH: Trade Tracker: Jim Lebenthal buys more Cisco and Qualcomm and trims

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#stock #notches #record #CEO #touts #OpenAI #relationship

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