U.S. stock movement | PayPal surged over 11% in early trading after reaching a partnership with OpenAI and raising its full-year profit forecast

On Tuesday, PayPal surged over 11% in early trading, reaching a three-month high of $77.92. In terms of news, PayPal raised its full-year profit forecast in its latest quarterly earnings report and announced a partnership with OpenAI to integrate its digital wallet into ChatGPT. Given the continued strong momentum in consumer spending, PayPal adjusted its 2025 adjusted earnings per share forecast from the previously announced $5.15-$5.30 in July to $5.35-$5.39. The company also announced its first dividend plan in 27 years, declaring a dividend of $0.14 per share for this quarter, reflecting confidence in its cash flow and long-term profitability. Additionally, in the partnership announcement, PayPal stated that OpenAI's hundreds of millions of users are accustomed to using its generative artificial intelligence (AI) technology to search for products. This collaboration means that PayPal will provide payment technology support for these search activities, helping users convert browsing directly into actual purchases