Samsung to Make Tesla AI Chips, Nike Upgrade, PayPal Rises
Jul 28, 2025
Samsung is making headlines with a $16.5 billion deal to supply AI chips for Tesla, marking a significant boost for their foundry division. Nike's stock shines after a lucrative upgrade from JPMorgan, forecasting rapid earnings growth. Meanwhile, PayPal is set to revolutionize payments by allowing businesses to accept over a hundred cryptocurrencies. Exciting times in the stock market as these giants continue to evolve and innovate!
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insights INSIGHT
Samsung-Tesla AI Chip Deal
Samsung secured a $16.5 billion deal to produce Tesla AI chips until 2033.
This marks a major win for Samsung's foundry and boosts related semiconductor stocks.
insights INSIGHT
Nike's Multi-Year Recovery Plan
JPMorgan upgraded Nike to overweight, eyeing high teen to 20% EPS growth through 2030.
The recovery plan includes aligning inventory and boosting global wholesale momentum.
insights INSIGHT
PayPal Expands Crypto Payments
PayPal will allow merchants to accept over 100 cryptocurrencies at checkout like Bitcoin and Ethereum.
Payments convert automatically to fiat or PayPal's stablecoin to simplify merchant deposits.
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- Samsung (SSNHZ) shares are surging after the company will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division. South Korea’s largest company announced on Monday that it secured the 22.8 trillion won chipmaking agreement, which will run through the end of 2033. The plan is for an upcoming plant in Taylor, Texas, to produce Tesla’s next-generation AI6 chip, Tesla chief Elon Musk said on X, confirming a Bloomberg News report. Samsung’s Seoul-traded shares rose 6.8% to their highest since September, while its suppliers like Soulbrain Co. jumped 16%. Tesla’s stock rose more than 1% in early US trading. A Samsung spokesperson declined to comment, citing confidentiality terms in its contract.
- Nike (NKE) shares are gaining today after JPMorgan upgrades to overweight from neutral, citing the earnings impact of the sportswear maker’s five-pronged multi-year recovery plan. JPMorgan analyst Matthew Boss notes that the recovery path will equate to positive earnings-per-share growth in the high teens to 20% through to the 2030 full-year. The recovery plan includes global inventory alignment to sales growth, accelerating momentum within global wholesale order books and 2H 2026 anniversary of about $500 million of accelerated and incremental sales-related reserves.
- PayPal (PYPL) shares are up today. The company will soon allow businesses to accept more than one hundred cryptocurrencies at checkout. The option is going live in the coming weeks and will allow merchants to accept crypto such as Bitcoin, Ethereum, Tether’s USDT and Circle’s USDC, from wallets including Coinbase, OKX, Phantom, MetaMask and Exodus. When a consumer pays with crypto, the funds are automatically converted into fiat or PayPal’s PYUSD stablecoin for deposit in the merchant’s account. “You have globally 650 million users that participate in the $3 trillion market of cryptocurrencies,” said Frank Keller, general manager of large enterprise and merchant platform at PayPal, in an interview with Bloomberg. “We wanted to give small businesses access to this customer base that is growing.”
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