Amit Kukreja: Shopify increases share buyback program by $3 billion to total $5 billion

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03.06.2026

Amit Kukreja: Shopify increases share buyback program by $3 billion to total $5 billion — Shopify expands buyback to $5 billion

Amit Kukreja, stock market analyst, reports that Shopify has announced a $3 billion increase to its share buyback program, bringing total authorization to $5 billion. Tobi, presumably referencing Shopify CEO Tobi Lütke, believes the stock is undervalued.

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Kukreja has recently tracked several developments across tech and software stocks. He reported that AI-related software stocks climbed following Anthropic’s new fundraising and AI model. Kukreja also covered Meta’s move to launch paid subscriptions globally under Meta One.

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