During the opening of US stocks, PayPal showed remarkable performance with an 8.4% rise, which is the largest increase since November 2022. This performance has raised market expectations for PayPal's future development. Previously, PayPal released its financial data for the second quarter of fiscal year 2024, showing a year-on-year growth of 8% in net income, reaching $7.9 billion; and the transaction margin also increased to $3.6 billion. Moreover, as of June 30, 2024, PayPal's financial position was robust, with total cash, cash equivalents, and investments amounting to $18.3 billion, and total debt of $12.2 billion. These positive data further solidified investors' confidence in PayPal, driving the stock price up.