Why Shopify Stock Could Be the Biggest Winner in Agentic AI Commerce
Once deemed an AI loser, Shopify has a huge agentic commerce opportunity in front of it.
Overview
After a rough start to the year for its stock, Shopify (NASDAQ: SHOP) shares have come roaring back, bolstered by its latest earnings report. After falling to a low of $94, the stock is once again nearing $150 and is down less than 10% year to date.
Dubbed a potential AI loser earlier this year, Shopify is flipping the script, showing it has the potential to be a big AI winner with agentic commerce. This all starts with its Shopify Catalog, which is built on the Universal Commerce Protocol (UCP) that it co-developed with Alphabet and others. Shopify Catalog structures product information and maps it to a standard product taxonomy (organizing items by shared categories and attributes) that feeds the product data into AI search engines, shopping apps, and agentic storefronts. Or said another way, Shopify is taking billions of products and simplifying them into an AI-ready database.
Details
Dozens of retailers and platforms have already adopted UCP, which was introduced at the start of the year, and AI searches powered by Catalog are converting at twice the rate as scraped data. Meanwhile, Shopify saw AI-driven orders and traffic triple year over year in the second quarter. At the same time, its AI tools, led by its Sidekick AI assistant, have been seeing strong adoption, with Sidekick usage increasing 3.6 times among merchants.
Source
Originally published at www.fool.com.