Should You Buy Amazon Stock Instead of Shopify Stock?

By Parkev Tatevosian, CFA – Jun 5, 2024 at 8:00AM

NASDAQ: SHOP

Shopify

Market Cap

$159B

Today's Change

(-0.39%) -$0.47

Current Price

$121.74

Price as of July 24, 2025, 1:28 p.m. ET

Amazon and Shopify will benefit as consumers spend more money online.

Fool.com contributor Parkev Tatevosian compares Amazon (AMZN 1.60%) and Shopify (SHOP -0.39%) to determine the better stock to buy.

*Stock prices used were the afternoon prices of June 2, 2024. The video was published on June 4, 2024.

About the Author

A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.

TMFParkev

@TMFParkev

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Shopify. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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