Shopify rises as Thrive and ARK back AI strategy
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Shopify's stock rises as Thrive Capital and ARK Invest boost their stakes, betting on AI for e-commerce growth. The company reported a 34% revenue increase to $3.2B in Q1 2026, with an 88% rise in operating income year-over-year, despite a net loss from equity investments. Analysts maintain a 'Buy' rating with an average price target of $159.66, indicating strong growth potential.
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