PayPal Shares Soar on OpenAI Partnership. Is It Too Late to Buy the Stock?

PayPal (NASDAQ: PYPL) shares climbed after the company turned in strong third-quarter results and announced a new partnership with OpenAI. This follows an earlier partnership announcement with Alphabet, in which the two companies would team up on "agentic commerce," including artificial intelligence (AI) shopping agents to help consumers make purchases and discover new products. Despite the jump in price, the stock is still down about 14% on the year.Let's take a closer look a PayPal's results and OpenAI partnership to see if the stock still has more upside from here.While PayPal turned in good results, the big news was its partnership with OpenAI. PayPal will adopt OpenAI's Agentic Commerce Protocol, which will let ChatGPT users instantly check out with PayPal when shopping on the chatbot. As part of the partnership, PayPal will also do the payment processing for merchants that use OpenAI's Instant Checkout. PayPal will also expand its use of OpenAI's API to help with product development.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool