Shopify is becoming the infrastructure layer between merchants and AI agents, making AI a source of new demand rather than only a threat. In Q2, AI-driven traffic and orders tripled, and new-buyer orders from AI channels came at nearly twice other channels' rate. Its Catalog gives agents over 1 billion products with 2x higher conversion, and MRR growth reached 19%. A 79x forward P/E premium is justified by accelerating growth, strong retention and improving profitability, if execution holds. … Show more

Shopify's 34% growth and 15% FCF margin give it an elite Rule of 40 score of 49, so the market will forgive its GAAP loss. That loss came from a $1.1B write-down on its stakes in Affirm, Global-e and Klaviyo, market volatility rather than business failure. Merchant Solutions grew 39% versus 21% for subscriptions, showing Shopify is really a fintech company, and Bloomberg flows show smart money buying the dip at $108. x.com  x.com  x.com  x.com 

Shopify the stock, not the company, is the problem: at about 10x sales and 60x forward earnings, expectations are so stretched that small disappointments could bring large multiple compression. The business is exceptional, with revenue up 34%, a beat, and a growth outlook raised to the low 30s from the high 20s. But the higher-quality subscription business grows much slower than merchant solutions, which carry different economics. Upside needs acceleration; downside needs only normalization. … Show more

Shopify delivered a strong Q2 and guides to revenue growth in the low thirties for Q3. Q2 revenue rose 34% to $3.58B, beating estimates by about $140M, gross merchandise volume grew 32% to $115.6B, operating income hit $488M and free cash flow was $654M, an 18% margin. Q3 guidance also calls for gross profit growth in the mid-to-high twenties and a free cash flow margin in the high teens to low twenties. x.com 

Shopify is one of the clearest application-software examples of AI materially accelerating growth. Sell-side channel checks point to strong ongoing momentum and AI product attach rates, while Tobi keeps pushing to be first with new products and integrations. The shares are near their pandemic-bubble peak, yet still look discounted to this opportunity; the multiple is lofty, but nowhere near its 2021 level. x.com  x.com  x.com 

Shopify is hard to own at 60 times free cash flow. A post the author replies to calls the valuation reasonable for a company accelerating revenue growth in the age of AI; the 60x free cash flow multiple is the objection. x.com 

Shopify, Meta Platforms, Netflix and Salesforce are high-quality large caps now available at opportunity prices, despite the claim that such chances never come. x.com 

Shopify is becoming the infrastructure layer for modern commerce, not just a store builder. Payments, Shop Pay, lending, analytics and apps deepen its ecosystem, and even if AI makes building stores easier, merchants still need payments, checkout, inventory, customer data and fraud prevention. Revenue rose 34%, GMV 32% to $115.6B, and free cash flow margin hit 18%; growing over 30% while expanding margins at this maturity is impressive. President Harley Finkelstein called it a monster quarter. … Show more

Shopify's valuation remains the obstacle to buying, even though the business has several ways to keep growing. It is moving higher on the watchlist, but it is not a buy yet. x.com 

Software stocks are regaining momentum because the consensus that AI would slow growth and cut earnings was wrong. Palantir accelerated to 92% revenue growth with 325% GAAP EPS growth, and Shopify's revenue growth accelerated to 34%. Strong growth and valuation metrics that keep improving leave little not to like. x.com  x.com