Shopify beats estimates for quarterly results on AI boost, shares soar
Shopify beat analysts’ estimates for second-quarter results and forecast upbeat sales growth as its AI-enabled tools attracted more merchants to its e-commerce services, sending its U.S. shares up 17% before the bell on Wednesday.
The Canadian company, which helps small and medium businesses build an online store as well as sell, has been rolling out artificial intelligence-powered features and in June increased the availability of such tools.
