Pulse of the Market: Wednesday’s 10 Top Performers

7. Shopify Inc. (NYSE:SHOP)

Shopify rallied by 8.01 percent on Wednesday to close at $101.54 apiece as investor sentiment was fueled by news that the e-commerce platform is transferring its US listing to the Nasdaq Global Market from the New York Stock Exchange (NYSE).

On Tuesday, SHOP said it expects its Class A Subordinate Voting Shares will end trading at market close on March 28, while listing on the Nasdaq is expected to commence on March 31.

The sentiment was further boosted by news that it acquired AI startup Vantage Discovery as it seeks to expand its artificial intelligence capabilities.

Founded in 2023, Vantage leverages large language models to help retailers enhance their on-site search tools, which in turn would deliver more personalized and relevant results for shoppers.