Loomis Sayles Global Growth Fund Holds Firm on Shopify (SHOP) Beyond AI Narrative

In its first-quarter 2026 capitalist letter, Loomis Sayles Global Growth Fund highlighted stocks similar Shopify Inc. (NASDAQ:SHOP). Shopify Inc. (NASDAQ:SHOP) is simply a Canada-based e-commerce exertion institution that provides a cloud-based level for individuals and companies to make and negociate their operations. On May 19, 2026, Shopify Inc. (NASDAQ:SHOP) closed astatine $101.01 per share. One-month instrumentality of Shopify Inc. (NASDAQ:SHOP) was -23.68%, and its shares mislaid 1.58% implicit the past 52 weeks. Shopify Inc. (NASDAQ:SHOP) has a marketplace capitalization of $131 billion.

Loomis Sayles Global Growth Fund stated the pursuing regarding Shopify Inc. (NASDAQ:SHOP) successful its Q1 2026 capitalist letter:

"Shopify Inc. (NASDAQ:SHOP) is simply a starring planetary supplier of mission-critical commerce infrastructure that enables retail companies to start, grow, market, and negociate a retail concern of immoderate size. Shopify’s cloud-based level offers merchants an end-to-end solution that was antecedently lone disposable to importantly larger businesses. From a azygous planetary storefront, the institution offers merchants a multi-channel solution done which they tin display, manage, market, and merchantability products crossed each income channels, including web and mobile storefronts, carnal retail locations, societal media, marketplaces, and different retail formats. The level enables merchants to merchantability anyplace and successful immoderate language, facilitating transverse borderline commerce for extremity customers who tin store utilizing their section currencies, languages, domains, and outgo methods. Shopify besides provides merchants a single, integrated backmost extremity level done which merchants tin negociate and root inventory, process orders and payments, fulfill and vessel orders, physique lawsuit relationships, leverage reporting and analytic tools, and entree financing. With a ngo to amended commerce and empower merchants to recognize their imaginable by making a analyzable process simple, the institution has efficaciously created a retail operating strategy utilized by millions of merchants successful implicit 175 countries. The institution generates astir 68% of revenues successful North America, with Europe, the Middle East and Africa accounting for 21%, and Asia-Pacific contributing 10%….” (Click present to work the afloat text)