Top 8 Must-See AI News Updates Investors Should Not Miss

3. Wix.Com Ltd. (NASDAQ:WIX)

Number of Hedge Fund Holders: 46

Wix.com Ltd. (NASDAQ:WIX) offers a free HTML5 website builder for desktop and mobile platforms. The cloud-based web development platform is popular for its no-code, drag-and-drop editing features and built-in business tools for eCommerce, marketing, and branding for users to grow their online presence efficiently. The company integrated a GenAI model into the platform to create AI images, teaser videos, text as well as swiftly develop CMS collections with the option to add an AI site assistant for customer query resolution.

On February 19th, Wix.com Ltd. (NASDAQ:WIX) posted a 14% YoY jump in Q4 revenue to $460.5 million, driven by the Business Solutions and Creative Subscriptions segments as well as due to the ramp in AI usage and new internal AI initiatives. Total Q4 booking rose 18% YoY to $464.6 million, and non-GAAP net income was $117.1 million or $1.93 per diluted share. For the full year 2024, total revenues were up 13% YoY to $1.761 billion, and non-GAAP net income stood at $6.39 per diluted share.

“Wix sets a high standard for innovation and creativity, and we’re constantly exceeding expectations. This past year was one of exciting innovation as we introduced revolutionary AI solutions such as the new generation AI Website Builder. We also made meaningful enhancements to the Studio platform, including the AI visual sitemap and wireframe generator and Figma integration among new advanced design capabilities. 2025 is poised to reimagine and expand the Self Creator experience with the launch of two transformative products planned for the spring and early fall. I strongly believe that these will deliver immense value to users and, in turn, accelerate Self Creator growth to double-digits in the years to come. We’re thrilled about these strategic enhancements, which are set to propel our business forward and establish a powerful foundation for the years ahead.”

– said Avishai Abrahami, Co-founder and CEO of Wix.Com Ltd.