
PayPal Stock Soars on Strong Outlook & OpenAI TieâUp
âĒBy ADMIN
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PayPal Holdings jolted higher after posting robust thirdâquarter results and unveiling a strategic partnership with OpenAI. The payments giant beat earnings expectations, delivered revenue growth of about 7âŊ% yearâoverâyear, and boosted its fullâyear adjusted earnings per share forecast toâŊ$5.35â$5.39.
In tandem, PayPal announced that its digital wallet will be integrated into ChatGPT, enabling users to pay and merchants to process transactions seamlessly within the AI platform. The deal marks a leap into soâcalled âagentic commerce,â where conversational bots move from chat to checkout.
By aligning with OpenAIâs ecosystem, PayPal aims to extend its global merchant network and tap into a new frontier of consumer behaviour. CEO Alex Chriss said the company is wellâpositioned to âgo from chat to checkout in just a few taps.â
The market responded: shares jumped doubleâdigits after the announcement, reflecting investor enthusiasm toward PayPalâs pivot into AIâenabled commerce.
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