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Wells says Microsoft better positioned now after ex-OpenAI executives join team

Wells Fargo analyst Michael Turrin notes Microsoft has announced former OpenAI executives Sam Altman and Greg Brockman will now join the company. The firm ultimately believes that Microsoft is now “unquestionably better positioned” exiting the shakeup, now with tighter control of the best tech plus talent in AI. Wells has an Overweight rating on the shares with a price target of $425.

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