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Shopify’s stock pops as the e-comm giant ditches the NYSE for the tech-heavy Nasdaq

The e-commerce giant will now join some of the world’s biggest tech companies.

3/19/25 9:11AM

Shares of Shopify jumped nearly 6% on Wednesday after the e-commerce platform announced plans to move its stock listing to the Nasdaq.

Shopify powers millions of businesses worldwide, helping them build, manage, and scale online stores. The switch marks the end of nearly a decade on the New York Stock Exchange and the Toronto Stock Exchange, where Shopify first went public in 2015. Its Class A shares will be delisted from the NYSE after trading closes on Friday, March 28, and will resume on Monday, March 31, under the same ticker: SHOP.

Shopify has been on a winning spree lately. In February, the company reported Q4 profit that more than doubled and saw its biggest jump in gross merchandise volume since the pandemic. Now, Shopify joins some of the world’s biggest tech companies on Nasdaq with the potential to land a spot in the Nasdaq-100, an index tracked by billions in investor funds like Invesco QQQ Trust. Shopify shares are up nearly 29% over the past year.

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OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

“Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.”
“Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.”

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

“Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.”

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race — Sherwood News

A business that scales with the value of intelligence

“Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.”
“Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.”