Shopify Inc. (SHOP) Shows Why AI Search Could Become a Bigger E-Commerce Growth Channel

Shopify Inc. (NASDAQ:SHOP) is one of the best e-commerce stocks to buy as global sales hit records. The company remains a core infrastructure provider for online merchants, and its fresher story is increasingly tied to AI-driven commerce. On June 1, Shopify said orders coming to merchant stores from AI search were up 13x year-over-year, with those orders converting 49% higher than traditional search and carrying average order values 14% higher. That matters because product discovery is shifting beyond search bars and social feeds, giving Shopify another way to help merchants reach buyers.

Shopify’s own platform positioning also reflects that shift. The company says merchants can sell online, in person, across social channels, locally, globally, and across AI, while its Agentic Storefronts let products be discovered across AI channels and allow shoppers to check out inside chat experiences. Shopify also says its App Store has more than 21,000 commerce apps, giving merchants a broad ecosystem for payments, marketing, fulfillment, analytics, and specialized commerce needs.

Shopify Inc. (SHOP) Shows Why AI Search Could Become a Bigger E-Commerce Growth Channel

The investor angle received a fresher update as well. On June 2, Shopify announced a $3 billion increase to its share repurchase authorization, bringing the total authorization to $5 billion.

Shopify Inc. (NASDAQ:SHOP) provides essential internet infrastructure for commerce, powering sales online, in-store, and everywhere in between.

While we acknowledge the risk and potential of SHOP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SHOP and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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