Dmytro Kharkov

AI-driven sales reach 75% of SHOP merchants outside top 100, Cathie Wood notes

AI-driven sales reach 75% of SHOP merchants outside top 100, Cathie Wood notes
AI sales boost SHOP merchants

Cathie Wood, fund manager at ARK Invest, highlights that AI-driven commerce is proving advantageous for the long tail of SHOP merchants. According to Wood, 75% of AI-boosted sales benefit merchants ranked below the top 100.

Wood has recently commented on several high-profile market events. She noted that SpaceX stock fell below its IPO price despite the company achieving a Starship milestone. In another significant development, Wood reported that ATAI is set to be acquired by Lilly for approximately $3.8 billion.

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