Shopify Stock Surges 20% on Q2 Earnings Beat: AI Investment Fears Eased by Strong Profit Growth
Shopify Delivers Blowout Quarter, Shattering Margin Concerns Shopify Inc. (NYSE: SHOP) shares exploded higher Wednesday after the Canadian e-commerce platform reported second-quarter results that crushed Wall Street expectations, effectively silencing concerns that heavy artificial intelligence investments would compress margins. The stock surged over 20% in premarket trading, adding roughly $20 billion in market capitalization. Gross … Read more
