Wall Street cheers Microsoft’s ‘coup’ hiring Altman after OpenAI ouster

The ouster of Sam Altman at OpenAI sent shockwaves through the tech world over the weekend, surprising everyone from Microsoft (MSFT) CEO Satya Nadella to investors on Wall Street and VCs in Silicon Valley.

After a weekend-long back-and-forth, Altman is no longer with OpenAI. Instead, he and fellow OpenAI co-founder Greg Brockman have joined Microsoft to lead a new advanced AI research team.

RBC Capital Markets managing director Rishi Jaluria described the past few days as the “most eventful”…