If current gains hold, Shopify shares are set to recoup most of their losses this year. Through last close, the stock was down 23.4%, as investors fretted over competitive threats, as well as ballooning AI costs at Shopify. Daily active merchants using Sidekick surged 3.6 times year-over-year, Shopify said. The company generates revenue by taking a cut of sales from sellers on its platform and selling subscription plans to merchants. While its AI initiatives ‌have helped Shopify boost its revenues, rising AI ​token and cloud infrastructure costs ​have sparked worries of prolonged margin disruption.