Shopify stock price slumps after the bell as Wall Street digs into AI fears
Shopify shares fell 9.8% to $119.29 in after-hours trading Tuesday, with 25.7 million shares exchanged after a broad tech selloff tied to new AI tools from Anthropic. Analysts cited competition fears and upcoming earnings on Feb. 11, though some maintained bullish targets, highlighting strong merchant retention and possible upside in gross merchandise value.