Shopify (NASDAQ: SHOP) has struggled since peaking at $179 per share nearly one year ago. While the company continues to grow at a brisk pace, conservative guidance and concerns about artificial intelligence (AI) disruption have weighed on the stock. Additionally, its valuation may appear elevated. In that regard, it may look cheap compared to Space Exploration Technologies (NASDAQ: SPCX), but Shopify is certainly more expensive than most "Magnificent Seven" stocks. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.
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