Markets
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Tom Jones

PYPL leaps after signing OpenAI deal, enabling users to check out instantly using PayPal within ChatGPT

PayPal soared almost 15% at one point in premarket trading on Tuesday, after the online transactions giant announced it had signed a deal with OpenAI, enabling instant checkout on the chatbot for millions of users.

The deal — which was signed over the weekend and will reportedly go into effect next year — will also see PayPal connect tens of millions of merchants with OpenAI, allowing massive companies and independent sellers alike to integrate their businesses into ChatGPT in 2026. The agreement makes PayPal the first payments wallet in ChatGPT, per CNBC.

In the press release announcing the new partnership, PayPal CEO Alex Chriss confirmed:

“By partnering with OpenAI and adopting the Agentic Commerce Protocol, PayPal will power payments and commerce experiences that help people go from chat to checkout in just a few taps for our joint customer bases.”

The agreement will also see PayPal expand its use of OpenAI tech at a corporate level, opening up ChatGPT Enterprise to its almost 25,000 employees and enabling some to use other software and APIs.

Even with the rise, which has been pared back a little at the time of writing, PayPal is still down about 10% so far this year.

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Matt Phillips

Visa reports solid beat on earnings

Visa inched up in after-hours trading, as it reported quarterly numbers that outpaced expectations. The solid, but unspectacular, outperformance — it beat earnings-per-share estimates by a penny — is par for the course for a company that’s developed a reputation as a boring, but consistent, moneymaker seemingly indifferent to economic conditions.

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Seagate Reports quarterly results

Seagate rises after posting better-than-expected earnings

Makers of the affordable data storage technology known as hard disk drives have become hot stocks amid the AI boom.

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Bloom Energy reports Q3 numbers

Bloom Energy blossoms after reporting Q3 numbers

The market seems to like the better-than-expected news.

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Tasha Matsumoto
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Tech-fueled rally drives stocks to new records ahead of Fed rate decision and big earnings

The AI trade is back on as traders await tomorrow’s rate cut decision and megacap tech earnings on Wednesday and Thursday.

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markets
Max Knoblauch

Lucid plans to build a privately owned autonomous car with Nvidia tech

Shares of Lucid vaulted briefly on Tuesday afternoon following the company’s announcement that it will team up with Nvidia to bring Level 4 autonomous driving to its future vehicles.

A still unnamed midsized SUV by Lucid, planned for 2026, will feature lidar and radar provided by Nvidia’s ecosystem. Ultimately, the automaker said it aims to create the “first true eyes-off, hands-off, and mind-off (L4) consumer owned autonomous vehicle.” Level 4 autonomous vehicles, like Waymo’s robotaxis, operate without human intervention.

The Nvidia partnership will also bring new automated features to Lucid’s Gravity SUV, the luxury EV maker said. Its shares rose more than 6% before losing all those gains and dipping into the red.

Lucid and Nvidia’s announcements came along with a host of other new partnerships at the chip designer’s GPU Technology Conference in Washington, DC.

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