Core Insights - OpenAI has launched Instant Checkout for U.S. Etsy sellers, allowing users to purchase directly within ChatGPT, with Shopify integration expected soon [2][3] - The introduction of AI-driven shopping experiences could significantly impact traffic patterns and conversion rates for both Etsy and Shopify in the long term [3] Group 1: E-commerce and AI Integration - Instant Checkout enables organic product search results ranked by relevance, allowing users to buy products directly in chat threads [5] - The new Agentic Commerce Protocol ensures that orders are fulfilled by merchants while maintaining their branding and relationships, potentially increasing impulse purchases [6] Group 2: Etsy's Position - Etsy is the first to implement Instant Checkout, aligning with its strategy to integrate AI technologies and enhance the shopping experience [7] - Despite a 4.8% year-over-year decline in gross merchandise sales (GMS) to $2.8 billion in Q2, Etsy's revenue grew by 3.8% to $672.7 million, indicating a reliance on ads and payments [8] Group 3: Shopify's Scale and Potential - Shopify's GMS in Q2 was $87.8 billion, significantly larger than Etsy's, suggesting that its upcoming integration could provide substantial distribution for Instant Checkout [9] - Shopify's revenue rose 31% year-over-year to $2.68 billion in Q2, reflecting the success of previous strategic investments [10] Group 4: Market Considerations - Instant Checkout currently supports single-item purchases, with multi-item carts expected in the future, which may affect user behavior and sales volumes [10] - Merchants will incur a small fee on completed transactions, raising questions about the long-term economics of this integration [10]

Core Insights - Growth stocks are currently leading the market, with the S&P 500 up 14% and the Nasdaq-100 up 17% this year [2] - Three notable growth stocks to consider are Shopify, On, and Upstart [2] Group 1: Shopify - Shopify is a significant player in e-commerce, providing services rather than selling products directly to consumers [3] - The company holds over 12% market share in U.S. e-commerce, positioning itself as a competitor to Amazon [4] - E-commerce growth offers organic opportunities for Shopify, with international sales tripling since 2020 [5][6] - In Q2, Shopify's revenue grew 31% year-over-year, and operating income increased by 21% with a 9% margin [7] - Shopify's stock has risen 77% over the past year, indicating strong market confidence [7] Group 2: On - On is a rising brand in athletic wear with significant growth potential due to low brand penetration globally [8] - In Q2, total sales increased by 38% year-over-year, with apparel sales up 76% and accessories up 143% [9][10] - The company has doubled its brand penetration in the U.S. over the past year and maintains the highest gross margin in the industry at 61.5% [10] - On is expanding its product line and has engaged in successful collaborations, indicating a bright future [11] Group 3: Upstart - Upstart operates an AI-driven lending platform that assesses credit risk using extensive data, aiming to approve more loans without increasing risk [12] - The company reported over 100% revenue growth in Q2 and achieved its first net profit since 2022, with a GAAP net income of $5.6 million [13] - Upstart's stock is currently trading at a price-to-sales ratio of 6 and a forward P/E ratio of 23, suggesting an attractive valuation [13] - The company is better positioned now to navigate economic challenges and is launching more products for growth opportunities [14]

Core Insights - Shopify Inc. shares increased by over 6% following OpenAI's announcement that U.S. Shopify merchants can sell products directly within ChatGPT conversations [1] Group 1: Integration Impact - Oppenheimer maintained an Outperform rating and a price target of $180.00, indicating that the integration could improve product discoverability and conversion for Shopify's merchants among ChatGPT's approximately 70 million U.S. monthly active users [2] - Analysts believe that Shopify could capture additional gross merchandise volume as "agentic commerce" becomes a larger portion of consumer spending [2] Group 2: Monetization and Payment Options - OpenAI will impose a small transaction fee on merchants for purchases made through ChatGPT, with checkout managed via Stripe, which may limit Shopify's direct monetization [3] - Merchants can still direct sales through their own stores, which would benefit Shopify's platform, and there is potential for Shop Pay to be offered alongside Apple Pay, providing additional upside [3]

Core Viewpoint - DAVE demonstrates superior revenue growth and profitability compared to Shopify, suggesting it may be a more attractive investment option [1]. Company Comparison - DAVE's quarterly revenue growth reached 64.5%, while Shopify's was 31.1% [7]. - Over the last 12 months, DAVE's revenue growth was 48.0%, surpassing Shopify's 29.0% [7]. - DAVE's last twelve months (LTM) margin stands at 23.0%, compared to Shopify's 15.3% [7]. Business Models - Shopify provides a global commerce platform for online retailers, enabling businesses to manage their digital storefronts [3]. - DAVE offers a financial app that includes overdraft protection, banking services, credit building, financial insights, and a spending account with a debit card [3].

Key Points Shopify's revenue rose by more than 30% last quarter. The closing of the de minimis loophole, however, could impact its growth rate in future quarters. At around 80 times its trailing earnings, investors are paying a big premium to own the stock right now. 10 stocks we like better than Shopify › Did you know that it was about eight years ago today that short seller Andrew Left from Citron Research referred to Shopify (NASDAQ: SHOP) as a "get-rich-quick-scheme"? Ironically, investors wh ...

Core Insights - OpenAI has launched a new feature called "Instant Checkout," allowing users to purchase items directly through the ChatGPT chatbot without redirecting to third-party platforms [3][6] - Initially, this feature is available only for single-item purchases from sellers on the Etsy platform in the U.S., with plans to expand to over a million Shopify merchants in the future [3][6] - The stock market reacted positively, with Etsy's stock rising nearly 16% and Shopify's stock increasing over 6% following the announcement [3] Group 1: Feature Details - "Instant Checkout" enables users to complete purchases directly within ChatGPT, enhancing the shopping experience by eliminating the need to visit external websites [4][6] - OpenAI's product lead, Michelle Fradin, indicated that the company aims to optimize this feature further by adding multi-item cart functionality and expanding service coverage [4] - The technology behind "Instant Checkout" is supported by OpenAI's proprietary "Agent Commerce Protocol," developed in collaboration with fintech company Stripe [4] Group 2: User Engagement and Market Potential - As of August, ChatGPT has surpassed 700 million weekly active users, with a significant portion of user inquiries related to shopping and business [5] - The feature is available to all ChatGPT users in the U.S., including Plus, Pro, and free users, facilitating a seamless checkout process for those who have linked their credit cards [5] - OpenAI aims to help users efficiently complete their shopping processes while assisting merchants and developers in converting conversations into actual orders [5]

Stock Market Overview - U.S. stocks advanced, with the Nasdaq rising 107 points (0.48%) to 22,591.15, S&P 500 up 0.26% to 6,661.21, and Dow Jones increasing 0.15% to 46,316.07 [1] Wolfspeed Inc. (NYSE: WOLF) - Wolfspeed's stock surged by 1,726.45%, closing at $22.10, with an intraday high of $22.10 and a low of $8.05; it reached a 52-week high of $22.10 and a low of $0.39 [2] - The surge followed the announcement of a reorganization plan under Chapter 11 bankruptcy, which will reduce debt by 70% and cut interest payments by 60% [3] Tilray Brands, Inc. (NASDAQ: TLRY) - Tilray's shares increased by 60.87%, closing at $1.85, with a high of $1.86 and a low of $1.34; the stock's 52-week high and low are $1.86 and $0.35, respectively [4] Robinhood Markets Inc. (NASDAQ: HOOD) - Robinhood's stock rose 12.27%, closing at $136.72, with an intraday high of $136.84 and a low of $123.78; it achieved a new all-time high of $136.84, with a 52-week low of $22.05 [5][6] - The rally followed the CEO's announcement that event contracts on the platform topped four billion, with half traded in the third quarter alone, and a strong August report showing assets surged 112% year-over-year to $304 billion [6] Etsy - Etsy's shares climbed 15.83%, closing at $74.34, with a high of $75.77 and a low of $63.64; the stock's 52-week high and low are $75.77 and $40.05, respectively [6] - The increase was driven by OpenAI's unveiling of the "Buy it in ChatGPT" feature, allowing users to purchase directly from Etsy sellers [7] MoonLake Immunotherapeutics (NASDAQ: MLTX) - MoonLake's stock plummeted by 89.93%, closing at $6.24, with a high of $7.14 and a low of $5.95; the stock's 52-week high is $62.75, with a low of $5.95 [8] - The decline occurred despite positive results from MoonLake's Phase 3 VELA trial, which showed statistically significant HiSCR75 responses in patients with moderate to severe hidradenitis suppurativa [8]

Core Insights - OpenAI has launched an instant checkout feature allowing users to purchase items directly within ChatGPT conversations, in collaboration with Etsy and Shopify, targeting U.S. users [1][2][7] - The feature is expected to create new sales channels for the e-commerce industry and provide OpenAI with alternative revenue streams beyond traditional subscription models [4][7] E-commerce Impact - Over one million Shopify merchants, including well-known brands like Glossier and SKIMS, will join the platform, enhancing the product offerings available through ChatGPT [2][12] - Etsy's stock surged nearly 16% and Shopify's stock rose over 6% following the announcement, indicating positive market sentiment towards the collaboration [5][12] User Experience - The instant checkout feature is available to ChatGPT Plus, Pro, and free users, allowing seamless purchases without redirecting to external websites [3][10] - OpenAI will charge fees for transactions completed through ChatGPT, but these fees will not affect the purchase price for users [3][12] Future Developments - OpenAI plans to introduce a multi-item shopping cart feature and expand the geographic coverage of the instant checkout functionality [4][12] - The technology framework for this feature is developed in partnership with Stripe, which also supports payment processing for ChatGPT subscriptions [13][14] Market Potential - ChatGPT's user base exceeded 7 million weekly active users in August, with a significant portion of inquiries related to shopping and consumption, highlighting the potential for converting user engagement into commercial transactions [9][8] - The integration of ChatGPT into e-commerce platforms like Etsy and Shopify provides a new channel to reach a vast pool of potential consumers [15][16]

Group 1 - OpenAI has partnered with Etsy and Shopify to enable a feature called "instant checkout" through ChatGPT, allowing US buyers to make purchases directly within chat conversations [2][3] - This new functionality has led to a significant increase in stock prices, with Etsy shares rising nearly 16% and Shopify shares increasing over 6% [1] - OpenAI's initiative positions it in direct competition with major players like Google and Amazon, as it aims to reshape the e-commerce landscape by facilitating shopping within chatbots [4] Group 2 - OpenAI will earn a percentage of the transactions completed through ChatGPT, functioning as a referral fee for the service [5][6] - The monetization strategy includes a 2% affiliate fee, but OpenAI emphasizes that this will not affect the search algorithm or product rankings within the chat [6]

Now to AI acting as a personal shopper of sorts. Shares of Etsy and Shopify popping after OpenAI announced a partnership with them. Etsy surging almost 16% today.Shop up over 6%. CNBC's Mackenzie Sagalas has got all the details. Mac, we want to know how this is going to work.>> So Mel, this is a major test of Agentic Commerce at scale because this feature instant checkout, it lets US buyers buy directly through chat GBT starting with Etsy and soon Shopify. That means no links, no new tabs. You just tap buy ...