Shopify Holds in New York as AI Selloff Keeps Traders Focused
Shopify closed at $103.00 on Nasdaq Friday, down 1.77%, before U.S. markets shut for Memorial Day. Toronto shares rose 1.16% to C$144.15 as Canadian markets stayed open. The stock is down 36% for the year despite a 2.71% gain over five days. Debate continues over AI-driven growth versus rising expenses after the company’s May earnings reset.