Shopify stock price is on fire today after an ‘outstanding' quarter, boosted by AI tools and a bright holiday sales forecast
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Shopify's stock price surged by 23% following an outstanding Q3 2024 earnings report, driven by AI tools and a positive holiday sales forecast.
November 13, 2024 | 3:00 pm
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Shopify's stock price increased by 23% after the company reported better-than-expected Q3 2024 results, driven by AI tools and a strong holiday sales forecast.
The significant rise in Shopify's stock price is attributed to its outstanding Q3 2024 earnings, which exceeded expectations. The company's use of AI tools and a positive outlook for holiday sales contributed to investor optimism, leading to a 23% increase in stock value.
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