
SHOP: Solid quarter, stock plunges — Are e-com AI agents a boon or a bane? ---
As one of the most-watched plays in e-comm AI — $Shopify (SHOP.US) reported Q4 2025 results ahead of the Feb 11 U.S. pre-market. The print was strong, with in-quarter metrics and next-quarter guidance largely beating expectations. The most visible overhang is rich valuation. Specifically:
1) GMV growth held up. Contrary to market worries that Shopify's strong GMV would inevitably fade, GMV grew 31% YoY this quarter, roughly in line with last quarter with no sign of slowdown. Ex-FX tailwinds...

+11
