Shopify is trading -4.56% lower at $124.08 as the stock gives back recent gains amid a broader technology sector selloff.
- The decline appears driven by market-wide volatility and sector pressure surrounding semiconductors and AI spending rather than company-specific news.
- Shares are pulling back from a recent run-up, aligning with a sharp pullback observed in the prior session.
- Despite U.S. markets opening higher, the stock remains under pressure as investors rotate out of high-growth tech names.