Shopify Shares Soar as AI Boosts Business Forecast

Shopify's shares surged over 18% after the company issued a positive third-quarter forecast, indicating that its AI initiatives are attracting more merchants and alleviating concerns about growing competition.

5 Aug, 17:51 — 5 Aug, 17:51

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cnbcMostly Factual21d ago

Shopify shares soar as forecast shows AI is boosting business, not disrupting

Shopify issued a rosy third-quarter forecast on Wednesday as the company's AI efforts draw more merchants to its suite of e-commerce services, assuaging fears over growing competition and sending its shares up more than 18%.

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Shopify Shares Soar as AI Boosts Business Forecast

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Shopify shares soar as forecast shows AI is boosting business, not disrupting

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