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OpenAI launches into its boring is beautiful phase
Financial Express Bengaluru
|October 08, 2025
LIKE HAVING THE hottest A-lister on your arm, being a company merely associated with the OpenAI hype machine can send your street cred soaring these days.
On Monday, Advanced Micro Devices shares surged 24% on the back of a deal to sell OpenAI chips, adding some $63.4 billion to its market value. But the gains didn't end with AMD, as Bloomberg News reported:
Figma climbed as much as 16%, HubSpot added 11%, and Salesforce gained 4.2%. Online travel firms also saw brief pops, with Expedia Group, and TripAdvisor, both advancing at least 7%. Even shares of toymaker Mattel jumped nearly 6%. What these companies had in common was their involvement in the keynote address at OpenAI's developer day in San Francisco-the "nerdapalooza" for those building products using AI.
This story is from the October 08, 2025 edition of Financial Express Bengaluru.
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