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Cantor Fitzgerald Reiterates Neutral Rating on Shopify (SHOP) Amid 103% Rally and Strong Cross-Border Growth

Shopify Inc. (NASDAQ:SHOP) is one of the best tech stocks to buy, according to Cathie Wood. On August 27, Cantor Fitzgerald reiterated a ‘Neutral’ rating on the stock and a $156 price target. The neutral stance follows the stock’s impressive 103% gain over the past year.

Pachai Leknettip/Shutterstock.com

Likewise, Cantor Fitzgerald remains confident about the company’s outlook amid growing cross-border transaction volumes. In the second quarter, border merchandise represented about 15% of the company’s total GMV. Similarly, only 4% of the global gross merchandise volume was shipped under the de minimis provision, which is an exemption from duties and taxes.

The fact that Shopify has yet to see any negative changes in GMV levels related to products shipped under the de minimis exemption for China underlines a booming retail sector. The de minimis provision exempted goods valued at under $800 million from duties and taxes.

Shopify Inc. (NASDAQ:SHOP) is a global e-commerce company that provides businesses with the internet infrastructure and tools to start, manage, and grow their businesses online. The platform offers features for creating online stores, accepting payments, managing inventory, and marketing products.

While we acknowledge the potential of Shopify Inc. (NASDAQ:SHOP) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SHOP and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 13 Best Tech Stocks to Buy for the Long Term and 9 Green Energy Stocks with Long-Term Upside Potential.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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