What's Going On With Microsoft (MSFT) Stock Today - Microsoft (NASDAQ:MSFT)

Microsoft Corp MSFT shares are trading lower on Monday for no company-specific news.
The stock is up 30% YTD, signaling an upside from the ChatGPT frenzy.
In 2023, Microsoft launched its AI-powered search engine, Bing AI, building on its partnership with OpenAI, intensifying rivalry with Alphabet Inc GOOG GOOGL Google.
Also Read: Microsoft's Premium ChatGPT Service Set to Supercharge Azure Growth: Analyst Predicts Even Wider Lead Over AWS
Reports in April suggested Microsoft is developing its artificial intelligence chip code-named "Athena" to power the technology behind AI chatbots like ChatGPT.
The early backer of ChatGPT-owner OpenAI has been working on the chip since 2019, and a small group of Microsoft and OpenAI employees is testing the chip.
Other big tech companies, including Amazon.Com Inc AMZNand Google, also make their in-house chips for AI.
Google reportedly plans to add artificial intelligence chat and short video clips to its search results amid growing threats against its dominance.
Price Action: MSFT shares traded lower by 0.91% at $307.81 on the last check Monday.