Shopify Inc. (NASDAQ:SHOP) is one of the stocks Jim Cramer had in this week’s game plan. Cramer called it “terrific” during the episode, as he commented:
“Shopify turns in its numbers, too. This is a good one, Canadian, terrific. This, it’s become a very reliable winner. I think it can duplicate. It’s an e-commerce champion that has a great way to work with small and medium-sized businesses.”
Photo by Roberto Cortese on Unsplash
Shopify Inc. (NASDAQ:SHOP) provides a commerce platform that helps businesses manage sales, payments, inventory, and shipping. Cramer mentioned the company during the September 29 episode and stated:
“My expectation is we’ll continually be surprised by the new things that these companies can accomplish. Like today, when OpenAI announced this amazing deal with Etsy and Shopify to enable direct purchases in ChatGPT, that’s a huge use case, and it jolted those two stocks to the stratosphere. That’s the kind of thing that can happen over and over again as the underlying AI technology just gets better and better.”
While we acknowledge the potential of SHOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
