Shopify SHOP) shares jumped 7% on Tuesday after announcing a partnership with Meta Platforms META) that will bring Shop Pay checkout capabilities to Meta's fast-growing Muse AI agent. The excitement surrounding Muse has spilled into other AI stocks as well, including Advanced Micro Devices AMD), as investors anticipated that broader adoption of AI agents could drive greater demand for CPUs and the computing infrastructure needed to power them. That said, after Shopify's sharp Muse-fueled rally, investors may want to assess whether the company's growth outlook can support an increasingly premium valuation.
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