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OpenAl's golden touch spreads, with stocks soaring off mere mentions
The Straits Times
|October 08, 2025
OpenAI has already proved it has a golden touch when it comes to partnering other technology firms to deploy its artificial intelligence (AI) products.
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Its power to move shares, though, is rapidly spreading to companies it even briefly discusses teaming up with.
The company behind ChatGPT held its annual developer event on Oct 6, and mere mentions of other publicly traded firms by presenters sent those shares soaring.
Among notable movers: Figma climbed as much as 16 per cent, HubSpot added 11 per cent and Salesforce gained 4.2 per cent. Online travel firms also saw brief pops, with Expedia Group and Tripadvisor both advancing at least 7 per cent. Even shares of toymaker Mattel jumped nearly 6 per cent.
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