Alphabet Inc.

Meta Platforms, Inc.

Microsoft Corporation

China and the U.S. have agreed on a trade deal that includes a reduction in some duties. Alphabet reported record revenue of $102.4 billion and Google Cloud division grew 34%, becoming the main beneficiary of the AI boom. The IPO of ChatGPT chatbot developer OpenAI could take place in 2026 and bring its valuation to $1 trillion. These and other topics are covered in our review of key events for the morning of October 30.

Highlights for the morning: Alphabet and Microsoft records, US-China deal, OpenAI IPO

The completion of OpenAI's restructuring allows the ChatGPT developer to pursue an IPO that could take place as early as 2027, sources <a href="https://www.wsj.com/tech/ai/openais-promise-to-stay-in-california-helped-clear-the-path-for-its-ipo-3af1c31c?mod=hp_lead_pos2">told</a> The Wall Street Journal. Negotiations are still preliminary, they said, and OpenAI could float shares later in 2027 or not at all.

OpenAI could have one of the largest IPOs in history in 2027 - WSJ

Microsoft has signed a new partnership agreement with OpenAI, of which it was an early shareholder, the ChatGPT developer <a href="https://openai.com/index/next-chapter-of-microsoft-openai-partnership/">said</a>. The deal "removes uncertainty for investors in both companies and opens the way for the ChatGPT developer to restructure into a commercial business," Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-10-28/microsoft-to-get-27-of-openai-access-to-ai-models-until-2032">writes</a>.

Microsoft's capitalization soared above $4 trillion on news of the OpenAI deal

PayPal Holdings, Inc.

The company will be OpenAI's first e-commerce partner

PayPal is integrating its payment system into ChatGPT. Shares soared 15%

Tesla, Inc.

Keurig Dr Pepper Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: investors are driven by optimism

NVIDIA Corporation

OpenAI's competitor Cohere, in which Nvidia has invested, intends to launch an IPO in the US soon. Unilever, one of the world's largest FMCG producers, faces the risk of postponing the planned November IPO of its ice cream business due to the US shutdown. American electric car manufacturer Rivian will pay $250 million to shareholders accusing it of fraud in the initial public offering. The main events on the IPO market during the week are in our selection.

Listing of OpenAI competitor, Unilever and the Rivian trial: What's important about the IPO by Oct. 26

Oracle Corporation

JPMorgan Chase & Co.

OpenAI leased $300 billion worth of computing power from Oracle in September

Banks will make the largest loan ever to build data centers. What does this have to do with Oracle?

Intel Corporation

US President Donald Trump has escalated relations with Canada, halting trade talks in the wake of the Ronald Reagan "fake" voiceover ad scandal. Intel reported revenue and profit growth with multi-billion dollar US support and investment from Nvidia, while OpenAI continues to expand with the purchase of Mac AI developer Sky. These and other topics are covered in our review of key events for the morning of October 24.

Freedom and money: how AI is going to use erotic content

The new browser could tug some of the users of Google Chrome, which is Alphabet's main source of revenue

OpenAI unveiled its own browser. Shares of Google's parent company fell

Advanced Micro Devices, Inc.

It wasn't AMD that made Lisa Su famous. It was Lisa Su who made AMD what we know today.

Lisa Su's Big Bet: How AMD's CEO changed the AI market

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

BYD Company Limited

LVMH returned to growth, which was a sign of recovering demand for luxury goods. Gold once again became the main safe haven for investors, displacing bitcoin. Walmart agreed with OpenAI to integrate shopping into ChatGPT. Oracle and AMD announced an AI deal challenging Nvidia's leadership, and Microsoft, Nvidia and xAI are investing $40 billion in Aligned data centers. The main events of October 13-17 are in our review.

Open AI