We recently released a list Why these 10 stocks soared in double digits today. In this article, we will explore the position of Shopify Inc. (NASDAQ:SHOP), which is in conflict with other double-digit stocks today.
Stocks began trading week with optimism after the U.S. and China announced an armistice against each other’s goods.
Nasdaq High-Tech's Nasdaq has booked its biggest gains in the three major indexes, with a 4.85% increase. The S&P 500 then rose 3.26%, with Dow Jones accounting for 2.81%.
Over the weekend, the United States and China reached a 90-day contract to reduce tariffs on each other's imports. The U.S. import tax on China will be reduced from 145% to 30%, while China's tariff on U.S. imports will be reduced from 125% to 10%.
Apart from the main index, 10 companies have completed stronger work this week, booking double-digit growth during the day. In this article, we named the 10 performers on Monday and detailed the reasons for their outstanding performance.
To put this list, we only considered stocks with a market cap of $20 billion and a trading volume of $5 million.
A passionate customer completes the purchase through one of the online sales channels and receives an order confirmation.
Shopify Inc.'s shares rose as much as 15.85% in intraday trading on Monday, with 13.70% in date trading on the day as investors cheered news of inclusion in the Nasdaq Stock 100.
Last week, Nasdaq announced that Shopify Inc. (NASDAQ:SHOP) will replace software company Mongodb Inc. at 100 Nasdaq stock company Mongodb Inc. on May 19. The announcement released a strong revenue performance in the first quarter of the year.
During this period, Shopify Inc. (NASDAQ:SHOP) said net income did not include the impact of stock investment, up 56% from $144 million a year ago to $226 million, and revenue increased 26.8% from $1.86 billion to $2.36 billion.
Shopify Inc. (NASDAQ:SHOP) said strong numbers marked the eighth consecutive quarter of its exam preparation revenue growth and the seventh quarter of GMV growth.
"We built Shopify at a time like this. We deal with complexity so that merchants can focus on their customers. We ship products faster than anyone else, giving merchants the advantages they need to succeed," said President Harley Finkelstein.
Overall, the store Ranked 10th On our stock list in double digits today. While we acknowledge that the store’s potential is an investment, our belief is that AI stocks have higher returns in a shorter time frame and do this in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than stores but have less than 5 times their returns, check out our report cAI inventory.