BNPL Leader, AI Shopping Search Rally Reinitiated?

Shares of Klarna Group Plc (KLAR) closed at $16.17 on the New York Stock Exchange, up 6.87%. The company’s market capitalization rose by about $450 million in a single day to roughly $6.1 billion (approximately KRW 8.5 trillion).

After reporting first-quarter results that exceeded market expectations, Bank of America raised its price target on Klarna, delivering a positive endorsement. News of an AI-powered shopping search app within ChatGPT further propelled the stock, underscoring growing AI momentum.

Founded in Sweden in 2005, Klarna pioneered the “buy now, pay later” fintech model and has evolved into a digital bank and global payments platform serving hundreds of millions of consumers and hundreds of thousands of merchants. In September 2025, it made its debut on the New York Stock Exchange with an IPO price of $40 per share. Since then, Klarna has been lauded for its high growth prospects even as investors debate its credit-loss risk.