Feb. 4 at 12:45 AM
$SHOP bounced at former resistance and breakout ~117. Trading lower end of its historical PEG ratio.
Know they are using Claude and leaning heavily into agentic but so was CRM and other leading SaaS. This SaaS selloff is mad.
Front end website, app can be AI-ed but back end, commerce and one- stop shop/ throat to choke cannot. Part of ACP with OpenAI et al.
Tough call for me on this one cuz AMZN stake in Anthropic cld lead to ACP involvement=bearish for this.