🟢 Shopify is trading 4.39% up today after Bernstein called AI-driven sell-off overdone

Shopify is trading 4.39% up at CA$182.82 after Bernstein initiated coverage with an Outperform rating and called the recent AI-driven sell-off overdone.

• Bernstein said Shopify is positioned across e-commerce, software, and payments; second-quarter results and third-quarter guidance demonstrated underlying strength.
• Broader risk appetite is supported after August inflation data matched expectations, with major U.S. indexes rising more than 1%.