Shopify (SHOP) shares fell 8% after its third-quarter report, even though revenue grew 32% to $3.74 billion and operating income rose 66% to $568 million, while gross merchandise volume of $119.1 billion came in just below the $120.1 billion analysts expected. Shopify's checkout runs inside ChatGPT, Gemini, Copilot and Meta's Muse, and AI-driven orders to Shopify stores tripled in the second quarter from a year earlier. Amazon, by contrast, is building its own Rufus assistant and has blocked ChatGPT and Muse from shopping its site. The article suggests Shopify is the better bet on agentic shopping as long as agent owners keep using its checkout at standard rates, though it trades at about 57x 2027 estimated earnings versus about 23x for Amazon.
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e-commerceartificial intelligenceShopifyAmazon
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 11/02/2026 | 245.63 |
| Change that session | +2.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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