Shopify Inc. (SHOP) launched in 2006 as a platform to help businesses sell online, and today, it powers over $1 trillion in sales, with half of that coming in just the last two years. Now, SHOP stock is gearing up to join the Nasdaq-100 Index ($IUXX) on May 19, replacing MongoDB (MDB) - a move that could pull in a wave of institutional money and further elevate Shopify's profile.
That rising prominence has caught the eye of Cathie Wood, the widely followed investor behind Ark Investment Management. Known for investing in disruptive innovation, her bold portfolio moves often reflect deep, long-term conviction, and frequently set the tone for market watchers.
