NasdaqGS:WIXIT
Wix.com (WIX) Stock Leans On AI Promise As Losses Deepen
The market rushed into Wix.com after the Q2 print, sending the stock up 17.5% to US$66.78 in a single session, even though the company is still reporting losses. That type of jump indicates that investors are focusing more on the growth story than on the income statement. Revenue reached US$563.1m for the quarter and bookings grew in the low teens, while basic earnings per share came in at a loss of US$1.78.
The key question now is whether this enthusiasm reflects confidence in Wix.com's AI...