Shopify plans to expand its range of artificial intelligence (AI)-powered tools for sellers to include a media editor and a commerce assistant.These are among more than 100 updates the company will add to its eCommerce platform, Shopify said in a Wednesday (Jan. 31) product news release.The company’s Media Editor will enable sellers to use generative AI to create original images and edit existing ones to use on their online store, according to the release. The tool will perform these tasks with only a few c ...

Commerce platform Shopify is releasing new features for its Winter Editon rollout including an AI-powered media editor to enhance product images, improved semantic search, and a better way for merchants to showcase different variants of a product.Many companies including Meta, Google, and Amazon have allowed advertisers to generate backgrounds using generative AI since last year. Similarly, Shopify wants to help merchants edit their product images’ backgrounds and scenes using this tech. In the Magic Media ...

Shopify (SHOP) closed the latest trading day at $82.33, indicating a -1.45% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.The cloud-based commerce company's shares have seen an increase of 7.24% over the last month, surpassing the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.Investors will be eagerly watching for the performance of Shopify in its upcoming ea ...

On Dec. 5, Shopify (SHOP 1.32%) Chief Operating Officer Kaz Nejatian took the stage for the company's investor-day presentation. He noted how the company had worked hard for years to develop software tools to boost growth for its estimated 1.75 million merchants. But in the third quarter of 2022, it used these tools to stimulate growth for itself.According to Nejatian, the strategy worked phenomenally.This might come as a shock to anyone who follows Shopify. After all, the company's revenue growth rate has ...

Shopify (SHOP 1.32%) investors are hoping for a sweet Valentine's Day present this year. The e-commerce platform provider is set to announce its Q4 results after the market closes on Feb. 13, likely making the next trading day a volatile one for the stock.Expectations could hardly be higher for Shopify's business. Share prices have nearly doubled in the past 12 months on encouraging signs of accelerating sales trends and a shrinking expense burden. Wall Street is hoping that these factors will pave the way ...

When Toast (TOST 5.12%) went public in September 2021, the bulls believed it would revolutionize the restaurant industry in the same way that Shopify (SHOP 1.32%) simplified the e-commerce market for smaller merchants. That's why Toast's stock initially rallied from its IPO price of $40 to an all-time high of $65.22 in November 2022.But today, Toast's stock trades at about $16. The bulls retreated as its growth slowed down, it racked up steep losses, and rising interest rates compressed its valuation. Could ...

Shopify (SHOP 0.47%) stock gained 124% in 2023, but even at the current price, it remains 54% off of its all-time highs. The e-commerce superstar is reporting high growth and improving profitability. Is it too late to buy, or can it soar higher in 2024?Internal and external tailwindsShopify has carved out a wide niche as a leading business-to-business e-commerce platform. It only places fourth globally, but it has a strong lead in the U.S. market, with nearly a third of total market share. Shopify continues ...

In the latest market close, Shopify (SHOP) reached $81.14, with a +1.1% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.43%.Heading into today, shares of the cloud-based commerce company had gained 4.46% over the past month, outpacing the Computer and Technology sector's gain of 3.67% and the S&P 500's gain of 2.08% in that time.The investment community will be closely ...

Investors love Shopify (SHOP -0.29%) stock. The e-commerce platform's stock has more than doubled over the past year, and as inflation may be easing and e-commerce is growing, there's high investor confidence in the company's long-term prospects.However, at the current price, Shopify stock trades at a rich valuation. Should that stop you from buying it right now?Why Shopify is so popular with investorsShopify operates an e-commerce platform for retailers. It's not a third-party platform like Amazon (AMZN -0 ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Shopify (SHOP) , which belongs to the Zacks Internet - Services industry, could be a great candidate to consider.When looking at the last two reports, this cloud-based commerce company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 96.67%, on average, in the last two quarters.For the most recent quart ...