Shopify stock surged almost 160% this year and became the country’s biggest company by market capitalization. The tech titan’s superior revenue growth and unique business model fuelled the rally.
Interestingly, despite valuation concerns and gloomy economic picture, Shopify stock might continue its upward momentum in the short term.
Well, that was about Shopify. The next beast that’s emerging in Canada’s technology sector is
NexTech AR Solutions (CSE:NTAR). The stock has soared almost 400% this year and 1,350% in the last 12 months, notably beating Shopify.
NexTech AR Solutions: An emerging leader in the augmented reality space
Technology companies backed by unique, innovative business models realize higher margins and generally grow at a superior pace. NexTech AR Solutions checks in all these boxes.
Forget Shopify (TSX:SHOP): Canada’s Next Monster Tech Stock Is Here - The Motley Fool Canada
