Shares of Shopify (NASDAQ: SHOP) dropped after the e-commerce software company's Q3 revenue and gross merchandise volume (GMV) missed analyst expectations. The stock is down for the year, although its overall growth has been consistent. Let's see why this dip may be a good time to buy the stock. Despite an overall sluggish consumer environment, Shopify continues to see healthy growth as well as a big opportunity working with personal AI agents like Muse, Claude Duet, Grokbot, and Instinct. It noted that agentic AI shopping is already gaining momentum, while AI traffic surged 2.6 times year over year in the quarter and orders soared 3.3 times. Meanwhile, AI is sending shoppers to product pages at three times the rate as organic search and converting 64% more often. Catalog-based searches, which are designed for AI agents, are converting at twice the rate of ordinary AI searches.
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