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Microsoft Gears for Nadella Testimony as Musk-Altman Lawyers Emerge at $424.82

Microsoft faces heightened scrutiny in the Musk-Altman trial with lawyers profiled and CEO Satya Nadella slated to testify before a nine-person Oakland jury. Jury selection kicked off April 27 after Musk sued OpenAI and Microsoft over the AI firm's for-profit shift post-Microsoft's $13B+ investments since 2019, seeking $150B+ damages that could hit Microsoft's $135B OpenAI stake. Shares hover at $424.82, down 12% YTD amid event risk, but Azure's 37-38% growth and Barclays' $600 target point to earnings as the bigger driver.

Category

Microsoft

Sentiment

Mixed

Event

Legal action

Reading time

1 min