Two Companies Stand Out as Potential Beneficiaries of the Artificial Intelligence Revolution
Leading companies in non-tech sectors such as Shopify and Dexcom are creating long-term growth potential by integrating artificial intelligence tools into their business processes.
With the spread of artificial intelligence technology beyond the traditional tech sector, major companies such as Shopify and Dexcom have announced that they have started utilizing this technology to boost their performance and improve the user experience.
Operating in the e-commerce space, Shopify recorded a 34 percent year-over-year increase in revenue, reaching $3.6 billion in the second quarter. During the same period, the company's net income, excluding equity investments, rose by 30 percent to reach $439 million. Shopify President Harley Finkelstein attributed part of this success to artificial intelligence-powered tools that increase store traffic, product discovery, and conversion rates, while stating that agentic commerce is still in its early stages and presents a significant long-term opportunity.
Dexcom, a medical device company specializing in continuous glucose monitoring systems, is also focusing on artificial intelligence integration to improve its products. The company aims to improve diabetes management and expand its market share with artificial intelligence tools designed to help users analyze health data, receive personalized insights, and track dietary habits. Viewing Abbott Laboratories as a competitor in this field, Dexcom believes that the adoption of continuous glucose monitoring technology supported by artificial intelligence innovations will sustain revenue and earnings growth.