Colimits in enriched $\infty$-categories and Day convolution

Abstract: For a monoidal $\infty$-category $\mathcal{M}$ with colimits, we study colimits of $\mathcal{M}$-functors $\mathcal{A}\to\mathcal{B}$ where $\mathcal{B}$ is left-tensored over $\mathcal{M}$ and $\mathcal{A}$ is an $\mathcal{M}$-enriched category. We prove that the enriched Yoneda embedding $Y:\mathcal{A}\to P_{\mathcal{M}}(\mathcal{A})$ yields a universal $\mathcal{M}$-functor and, in the case when $\mathcal{A}$ has a certain monoidal structure, the category of enriched presheaves $P_{\mathcal{M}}(\mathcal{A})$ inherits the same monoidal structure.