On June 5, Shopify fell 3.27% in regular trading, trading at $111.27/share, with trading volume of $200 million.

On the news front, mounting concerns that AI poses an existential threat to the software industry continued to intensify, triggering a broad selloff across the Internet Services & Infrastructure sector. Peers declined sharply, with Applied Digital down 9.11%, CoreWeave down 5.37%, Cloudflare down 4.52%, and Snowflake down 2.32%, creating significant sector-wide drag on individual stocks.

Although the company recently announced an expansion of its share buyback program by $3 billion to a total of $5 billion set to commence on June 8, the move failed to effectively offset the industry-wide selling pressure. The stock has continued its pullback trajectory amid multiple headwinds, including Q2 revenue growth guidance of approximately 30% representing a deceleration from Q1's 34% pace.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)