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Why Shopify Stock Skyrocketed Today

TheMotleyFool

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Shares of (NASDAQ: SHOP) charged sharply higher on Wednesday, surging as much as 24.7%. As of 11:46 a.m. ET, the stock was still up 17.5%.

The catalyst that sent the e-commerce platform provider higher was its surprisingly robust results, despite the popular narrative that artificial intelligence (AI) could disrupt software-as-a-service (SaaS) stocks.

Image source: The Motley Fool.

Source Fool.com