Shopify Inc. (SHOP) Is Just Crushing Everyone, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Mentioned As He Talked About “Love Lost” Between Microsoft & OpenAI. Shopify Inc. (NASDAQ:SHOP) is one of the stocks Jim Cramer recently discussed.

Shopify Inc. (NASDAQ:SHOP) is a Canadian eCommerce retailer whose shares jumped by 18% in August after its second-quarter earnings smashed analyst estimates out of the park. The results saw the firm’s $0.35 EPS and $2.68 billion in revenue beat analyst estimates of $0.29 and $2.55 billion. Cramer has been a long-time fan of the stock, and he kept with his enthusiasm after the earnings report:

“My god I mean Harley just crushed it. Now he’s now down to the point where there really isn’t anybody else that competes. The other guys turned out to be really, you know a lot of people say, hey he’s playing checkers, they’re playing chess. The other guys were, they were playing, I don’t know, like Uno or something because jeez, he’s crushing everyone. If you start a new business, there’s nobody to use anymore. There’s nobody to use. . . they’re good for small businesses and medium size. And by the way, they have a, I mean I was going over with Harley, the large businesses they have, let’s not rule out some of the things they’re doing.

“Shares of Shopify are soaring after the eCommerce company reported 31% revenue growth in the second quarter, that’s amazing.”

Cramer was optimistic about Shopify Inc. (NASDAQ:SHOP) back in April as well. Here is what he said:

“Better than ever. The Shop Master. I think it’s great. Harley’s great. I love those guys. I think you got a total winner. I would not trade, I would not move a share. Shopify, yes.”

While we acknowledge the potential of 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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