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Shopify Inc. (NASDAQ:SHOP) is one of the best e-commerce stocks to buy as global sales hit records. The company remains a core infrastructure provider for online merchants, and its fresher story is increasingly tied to AI-driven commerce. On June 1, Shopify said orders coming to merchant stores from AI search were up 13x year-over-year, with those orders converting 49% higher than traditional search and carrying average order values 14% higher. That matters because product discovery is shifting beyond search bars and social feeds, giving Shopify another way to help merchants reach buyers.

Shopify’s own platform positioning also reflects that shift. The company says merchants can sell online, in person, across social channels, locally, globally, and across AI, while its Agentic Storefronts let products be discovered across AI channels and allow shoppers to check out inside chat experiences. Shopify also says its App Store has more than 21,000 commerce apps, giving merchants a broad ecosystem for payments, marketing, fulfillment, analytics, and specialized commerce needs.

The investor angle received a fresher update as well. On June 2, Shopify announced a $3 billion increase to its share repurchase authorization, bringing the total authorization to $5 billion.

Shopify Inc. (NASDAQ:SHOP) provides essential internet infrastructure for commerce, powering sales online, in-store, and everywhere in between.

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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