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Shopify Stock Surges 26% on Strong Q2 Earnings and AI-Driven Growth
Shopify Stock Surges 26% on Strong Q2 Earnings and AI-Driven Growth
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BTCCSquare news:
Shopify's shares skyrocketed 26.2% last week following a robust Q2 earnings report that surpassed analyst expectations. The e-commerce platform posted $2.68 billion in revenue, beating estimates by $130 million, while net income reached $906 million. AI-powered efficiency gains and a 31% annual increase in gross merchandise volume ($87.8 billion) fueled investor optimism.
Monthly recurring revenue climbed 9.5% to $185 million, with free cash flow hitting $422 million—a 16% margin. The company anticipates mid-to-high percentage sales growth for Q3. While not a cryptocurrency play, Shopify's AI integration narrative mirrors tech-driven rallies seen in crypto assets like AI and AGI tokens.
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