Jim Cramer on Shopify: "That Stock's Going Much Higher"

Shopify Inc. (NASDAQ:SHOP) is one of the stocks that Jim Cramer expressed thoughts on. Answering an investing club member’s query about the stock during the lightning round, Cramer commented:

“Let me tell you something… That stock’s going much higher. And they, by the way, the service that they provide is perfect.”

Shopify Inc. (NASDAQ:SHOP) provides a commerce platform that helps businesses manage sales, payments, fulfillment, and customer engagement across online, retail, and social channels. Cramer mentioned the company during the September 29 episode, as he remarked:

“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.