Microsoft closes at all-time high on fresh OpenAI-related optimism

Microsoft CEO Satya Nadella speaks during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Microsoft ended Tuesday’s trading session at a record high of $360.53, following fresh optimism about growth from a key partner in artificial intelligence. The 1.12% daily increase gives the software maker a market … Read more

Datadog earnings boost stock, company gives strong guidance

Olivier Pomel, co-founder and CEO of Datadog, speaks at the company’s Dash conference in San Francisco on Aug. 3, 2023. Datadog Shares of cloud monitoring software firm Datadog surged as much as 30% in Tuesday trading after the company reported stronger-than-expected third-quarter earnings and full-year guidance. The company reported quarterly revenue of $547.5 million, up … Read more

Amid AI buzz, big US tech giants add $2.4 trillion in market cap

CFOTO | Future Publishing via Getty Images U.S. tech giants added $2.4 trillion to their market capitalizations in a year defined by the hype around generative artificial intelligence, according to a new report from venture capital firm Accel. Accel, in its annual Euroscape report, said the share price values of big technology firms such as … Read more

New York is a tech startup hotbed after almost a decade of IPOs

Olivier Pomel, co-founder and CEO of Datadog, speaks at the company’s Dash conference in San Francisco on Aug. 3, 2023. Datadog Albert Wang, a native Californian, moved to New York from Boston with his wife a decade ago and got a job as a product manager at Datadog, which at the time was a fledgling … Read more