Etsy is leveraging artificial intelligence to reignite growth across its platform, a decision that has caused significant volatility in its stock price. Etsy Stock price surges 12% after AI deal. Analysts say enthusiasm overdone; stock plummets 11% on Sept. 30. Etsy promises innovations for product discoverability. On Monday, OpenAI announced a partnership with Etsy, a business-to-customer global online marketplace. The deal enables U.S. ChatGPT users to shop directly with Etsy  (ETSY) sellers in the ...

Core Points - Etsy Inc. (NASDAQ:ETSY) shares reached a record high following the announcement of its transfer to the New York Stock Exchange (NYSE) in October [1][2][3] - The stock surged to a 52-week high of $75.77 during intra-day trading, closing up 15.83% at $74.34 [2] - The transfer to the NYSE is expected to enhance Etsy's visibility among institutional and retail investors, given the NYSE's larger market capitalization compared to Nasdaq [3] Company Statements - Etsy's CEO, Josh Silverman, expressed excitement about joining the NYSE and aligning with respected companies [4] - The company emphasized its commitment to connecting shoppers with entrepreneurs and enhancing personalized shopping experiences [5]

Key Points Etsy fell when sell-side analysts had a less-enthusiastic spin on yesterday's partnership announcement with OpenAI. It's unclear if artificial intelligence (AI) chatbots will help or hurt companies like Etsy in the future. Consumer sentiment also came in dramatically worse than anticipated for September. 10 stocks we like better than Etsy › Shares of homemade goods-related e-commerce site Etsy (NASDAQ: ETSY) sank 12.3% on Monday as of 1:44 p.m. ET. The magnitude of Etsy's fall today ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Chat GPT app icon is seen on a smartphone screen, Aug. 4, 2025, in Chicago. Credit: AP Photo/Kiichiro Sato, file OpenAI is turning ChatGPT into a virtual merchant that can help sell goods for Etsy and Shopify as the artificial intelligence company looks for new revenue in online commerce. ChatGPT users can now buy directly fro ...

Market Overview - U.S. stocks experienced a decline, with the Dow Jones falling over 100 points, down 0.30% to 46,174.85, NASDAQ down 0.28% to 22,527.13, and S&P 500 down 0.18% to 6,649.20 [1] - Information technology shares increased by 0.7%, while energy stocks decreased by 1.6% [1] Economic Indicators - The Chicago Business Barometer fell to 40.6 in September from 41.5 in the previous month, below market expectations of 43 [2][11] - The Dallas Fed's general business activity index dropped 12 points to -5.6 in September [9] - U.S. job openings rose by 19,000 to 7.227 million in August, up from a revised 7.208 million in the previous month [9] Commodity Market - Oil prices decreased by 1.2% to $62.71, while gold prices increased by 0.7% to $3,881.10 [4] - Silver prices fell by 0.2% to $46.905, and copper prices dropped by 0.7% to $4.8580 [4] European Market - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.20%, Spain's IBEX 35 Index rising 0.79%, and London's FTSE 100 increasing by 0.28% [5] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 down 0.25%, Hong Kong's Hang Seng up 0.87%, China's Shanghai Composite up 0.52%, and India's BSE Sensex down 0.12% [6] Company News - Wolfspeed, Inc. shares surged 45% to $32.00 following a reorganization plan announcement [8] - Beneficient shares increased by 63% to $0.5950 after reporting fourth-quarter results [8] - Sunrise New Energy Co., Ltd. shares rose 50% to $1.3550 after receiving a U.S. patent for an anode material for lithium-ion batteries [8] - Firefly Aerospace Inc. shares dropped 22% to $28.63 due to a testing mishap with its Alpha rocket [8] - Etsy, Inc. shares fell 11% to $66.48 as the company announced plans to transfer its stock listing to the NYSE from Nasdaq [8] - Mingteng International Corporation Inc. shares decreased by 34% to $4.1002 [8]

Core Insights - Etsy's stock experienced significant volatility, dropping over 10% after a nearly 16% surge due to a new partnership with OpenAI for Instant Checkout [1][4][5] - The partnership allows ChatGPT users to purchase items from Etsy sellers directly, potentially connecting Etsy to ChatGPT's estimated 700 million weekly active users [2][5] - Analysts express caution, noting that while the partnership could drive sales, it remains uncertain if it will benefit Etsy in the long term [3][4] Company Developments - OpenAI's Instant Checkout is the first integration for Etsy, with plans to include Shopify sellers in the future [2] - Morgan Stanley's analyst highlighted that ChatGPT referrals convert to sales more effectively than traditional social media and online search [3] - Etsy's year-to-date stock performance shows a 26% gain, outperforming the S&P 500, despite a decline that began in late 2021 [4][5] Market Reactions - Analysts have mixed views on the partnership, with some seeing it as a positive feature while others warn of potential risks to customer loyalty and dependence on external platforms [3][6] - The stock pullback indicates market skepticism about the long-term impact of the partnership on Etsy's business model [4][5] - The overall sentiment reflects a cautious optimism about the integration of AI in e-commerce, with a focus on how it will affect customer engagement and sales [3][5]

Group 1 - Etsy is an online marketplace specializing in unique, handmade, and vintage items, competing with major players like Amazon and eBay [1][4] - BTIG has set a price target of $81 for Etsy, indicating an 8.96% potential increase from its current price of $74.34 [1][5] - The integration of Etsy with OpenAI's ChatGPT has enhanced the shopping experience, resulting in a nearly 16% surge in Etsy's stock price, increasing by $10.16 to $74.34 [2][5] Group 2 - Etsy's stock has shown significant volatility, with a 52-week range between $40.05 and $75.77, and a current market capitalization of approximately $7.37 billion [3] - The collaboration with OpenAI positions Etsy as a strong competitor against giants like Amazon and Google, aligning with the trend of integrating AI into e-commerce [4][5]

Core Viewpoint - Etsy's stock dropped over 8% to $68.33 after a previous surge of over 15% due to a partnership announcement with OpenAI [1] Group 1: Company Developments - OpenAI announced a collaboration with Etsy and Shopify, enabling U.S. users to purchase individual items from Etsy sellers directly through ChatGPT conversations [1] - Over one million Shopify merchants, including well-known brands like Glossier and SKIMS, are set to join the platform [1]

Core Insights - OpenAI has launched a new feature called "Instant Checkout," allowing users to purchase items directly through the ChatGPT chatbot without redirecting to third-party platforms [3][6] - Initially, this feature is available only for single-item purchases from sellers on the Etsy platform in the U.S., with plans to expand to over a million Shopify merchants in the future [3][6] - The stock market reacted positively, with Etsy's stock rising nearly 16% and Shopify's stock increasing over 6% following the announcement [3] Group 1: Feature Details - "Instant Checkout" enables users to complete purchases directly within ChatGPT, enhancing the shopping experience by eliminating the need to visit external websites [4][6] - OpenAI's product lead, Michelle Fradin, indicated that the company aims to optimize this feature further by adding multi-item cart functionality and expanding service coverage [4] - The technology behind "Instant Checkout" is supported by OpenAI's proprietary "Agent Commerce Protocol," developed in collaboration with fintech company Stripe [4] Group 2: User Engagement and Market Potential - As of August, ChatGPT has surpassed 700 million weekly active users, with a significant portion of user inquiries related to shopping and business [5] - The feature is available to all ChatGPT users in the U.S., including Plus, Pro, and free users, facilitating a seamless checkout process for those who have linked their credit cards [5] - OpenAI aims to help users efficiently complete their shopping processes while assisting merchants and developers in converting conversations into actual orders [5]

Stock Market Overview - U.S. stocks advanced, with the Nasdaq rising 107 points (0.48%) to 22,591.15, S&P 500 up 0.26% to 6,661.21, and Dow Jones increasing 0.15% to 46,316.07 [1] Wolfspeed Inc. (NYSE: WOLF) - Wolfspeed's stock surged by 1,726.45%, closing at $22.10, with an intraday high of $22.10 and a low of $8.05; it reached a 52-week high of $22.10 and a low of $0.39 [2] - The surge followed the announcement of a reorganization plan under Chapter 11 bankruptcy, which will reduce debt by 70% and cut interest payments by 60% [3] Tilray Brands, Inc. (NASDAQ: TLRY) - Tilray's shares increased by 60.87%, closing at $1.85, with a high of $1.86 and a low of $1.34; the stock's 52-week high and low are $1.86 and $0.35, respectively [4] Robinhood Markets Inc. (NASDAQ: HOOD) - Robinhood's stock rose 12.27%, closing at $136.72, with an intraday high of $136.84 and a low of $123.78; it achieved a new all-time high of $136.84, with a 52-week low of $22.05 [5][6] - The rally followed the CEO's announcement that event contracts on the platform topped four billion, with half traded in the third quarter alone, and a strong August report showing assets surged 112% year-over-year to $304 billion [6] Etsy - Etsy's shares climbed 15.83%, closing at $74.34, with a high of $75.77 and a low of $63.64; the stock's 52-week high and low are $75.77 and $40.05, respectively [6] - The increase was driven by OpenAI's unveiling of the "Buy it in ChatGPT" feature, allowing users to purchase directly from Etsy sellers [7] MoonLake Immunotherapeutics (NASDAQ: MLTX) - MoonLake's stock plummeted by 89.93%, closing at $6.24, with a high of $7.14 and a low of $5.95; the stock's 52-week high is $62.75, with a low of $5.95 [8] - The decline occurred despite positive results from MoonLake's Phase 3 VELA trial, which showed statistically significant HiSCR75 responses in patients with moderate to severe hidradenitis suppurativa [8]