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Category: Tech Stocks
Shopify Faces Headwinds as Tariffs Threaten Dropshipping Core
Trade War Tensions Hit Core Shopify Users Shopify (TSX:SHOP), once the go-to platform for scrappy digital entrepreneurs, is increasingly vulnerable to geopolitical shocks. Its core user base—small and medium-sized dropshipping businesses—depends on seamless, low-cost trade between China and Western markets. But with the U.S. set to eliminate the de minimis exemption on May 2, that… Read more
Telus and Nvidia to Build Canada’s First “Sovereign AI Factory”
Telus is set to transform Canada’s AI landscape by partnering with Nvidia to build the country’s first Sovereign AI Factory, a state-of-the-art computing facility aimed at keeping AI development within national borders. The Quebec-based site will provide businesses and researchers with the supercomputing power and software tools needed to train and deploy AI models, ensuring… Read more
Shopify’s Revenue Rises 31% in Q4 but It Expects a Slowdown in Q1
Shopify (TSX:SHOP)(NYSE:SHOP) is a leading e-commerce company with a massive global presence around the world. It’s been doing well in recent months and on Tuesday, the Canadian-based company released its latest earnings numbers. It closed 2024 strongly, reporting 31% revenue growth for the final quarter of the year, exceeding Wall Street expectations. The company generated… Read more
3 TSX Stocks That Have Soared Since Trump’s Win
BlackBerry: A Massive Rally, but Is It Sustainable? Once known for its iconic smartphones, BlackBerry (TSX:BB)(NYSE:BB) has transformed into a software company specializing in cybersecurity, enterprise software, and Internet of Things (IoT) solutions. The company’s QNX operating system is widely used in automotive technology, while its cybersecurity division provides security solutions for businesses and governments.… Read more
Best Canadian Stocks to Buy for 2025
The TSX has been on a strong run this year, reflecting the resilience of the Canadian economy and the solid performance of key sectors such as energy, financials, and technology. Amid rising global uncertainty and fears of a potential market correction, many investors are reevaluating their portfolios. Focusing on value-oriented stocks can help mitigate risk… Read more
Shopify Stock Surges on Strong Q3 Results and Optimistic Q4 Outlook
Shopify Inc. (TSX:SHOP)(NYSE:SHOP) saw its stock climb more than 24% today after reporting robust third-quarter financials, showcasing strong revenue growth and profitability improvements. The e-commerce leader’s continued expansion, driven by its scalable platform and effective cost controls, has positioned it as a prime choice for merchants navigating an increasingly digital marketplace. Financial Highlights: Growth and… Read more
Lightspeed Narrows Losses, Raises Fiscal Outlook as Revenue Grows 20%
Quarterly Financial Highlights Lightspeed Commerce (TSX:LSPD)(NYSE:LSPD) posted revenue of $277.2 million for Q3 2024, marking a 20% increase year-over-year. This growth was driven by a 33% rise in transaction-based revenue, which reached $183.8 million, as more clients adopted Lightspeed Payments. Subscription revenue rose by a modest 6% to $85.5 million, impacted by slower-than-expected uptake, though… Read more
Netflix Beats Earnings Expectations in Q3 as Advertising Tier Shows Strong Growth
Netflix (NASDAQ:NFLX) released a strong Q3 2024 report on Thursday, exceeding expectations with $9.8 billion in revenue and $5.40 earnings per share. The company’s ad-supported tier saw a 35% increase in memberships, driving more than half of new sign-ups in available markets. Subscriber growth also impressed, adding 5.1 million new users, bringing the total to… Read more