SHOP - Shopify Inc.

Cited as a client using open-weight models trained on proprietary data to achieve higher quality than ChatGPT 5.6 for Shopify tools. Positive example of enterprise AI adoption and controlled AI stacks, but not a direct investment recommendation.

Host mentions he has held Shopify for 8+ years as a long-term investment. He believes in holding great companies long-term.

Host held through the post-COVID correction, calling it a company that compounds faster than the market; uses it as an example of sticking with fundamentally strong names.

No moat and super overvalued.

Shopify is the only Canadian name the host continues to hold and he remains a long-term holder.

Exceptional Q2 results with revenue acceleration, strong GMV retention, margin expansion, and increased buybacks; guidance for mid-30% growth in Q3.

Guest recently started buying Shopify; believes in CEO Toby and agentic commerce tailwind; expensive but worth it long-term.

Interesting and seems to win in AI integration, but lacks conviction to buy.

Great name, good mix.

Included in host's software list.