AI stocks–actually any stock with a passing acquaintance to artificial intelligence technologies–stood out on the upside today, April 13, in a generally ho-hum market The Standard & Poor’s 500, let me remind you, rose just 0.33% on the day. But AI stocks–by the most generous definition–scorched higher.,
Microsoft (MSFT) will buy speech-recognition pioneer Nuance Communications (NUAN) for $19.6 billion in cash. The move will speed Microsoft’s ambitions in the healthcare digital record keeping market. Microsofts goal is to use voice recognition technology to develop products that feee doctors from note-taking and allows more effective search of those notes for meaningful treatment solutions. The offer at $56 a share was a premium of 23% to the close for Nuance’s shares on Friday, April 9. Microsoft forecasts that the acquisition will result in a loss than 1% hit to earnings in the fiscal year that begins on July 1 and will add to earnings in the following year.
