NEW YORK - A week after e-commerce giant Amazon said it is giving its sellers new generative artificial intelligence advertising tools this holiday season, Shopify has to prove to investors that its AI products will spark growth when it reports results on Thursday.
Shopify provides software and services to online sellers. It also provides apps for merchants to sell directly on marketplaces like Amazon and Walmart, which are also building out AI additions for merchants. For comparison, Amazon's third-party seller services grew 19.8% in the third-quarter as part of a major push to get more merchants on its marketplace.
Shopify President Harley Finkelstein said during the company's second-quarter call that bringing larger merchants to the platform increased sales volumes for the Shopify's loan, payment and point-of-sales tools and led to higher "cross-sell" volumes. The stock market is approaching a 'once-in-a-generation' buying opportunity as profits are about to take off almost everywhere, investment firm saysBank of Nova Scotia stock could be a major bargain in the banking scene right now. The post Canadian Bank Stocks Look Severely Undervalued: Here’s 1 With a 7.6% Yield appeared first on The Motley Fool Canada.Energy stocks are at their 52-week highs, while the market is bearish because of geopolitical tensions.
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