Shopify stock soars 20% on rosy guidance as CFO says tariff hit 'did not materialize'
1. Shopify's Q2 earnings exceeded estimates with 31% revenue growth. 2. Company expects Q3 revenue growth in the mid-to-high twenties percent. 3. No significant price increases due to tariffs, indicating strong market conditions. 4. Shopify's gross merchandise sales also surpassed expectations, contributing to bullish outlook. 5. AI investments are enhancing Shopify's platform appeal to more businesses.