Shopify Inc (SHOP)

[Oli_sam]

Despite the notable improvement, inflation remains high compared to historical standards, which is particularly tough on consumers as we enter the holiday season. This will likely cause people to rein in e-commerce spending and hold off on upgrading to the latest gaming chip, pressuring Shopify. Companies are looking to cut back where they can, so it's easy to envision a scenario in which businesses spend less on data storage and analysis costs.