5 Best Stocks to Buy According to Billionaire Glenn Dubin’s Highbridge Capital

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

Highbridge Capital’s Stake: $38.2 million

Wix.com Ltd. (NASDAQ:WIX) is a software company that enables users to build websites. As is the case with its peers, the shares have not performed well in today’s AI era. They are down by 71% over the past year and by 55% year-to-date. Similarly, like its peers, Wix.com Ltd. (NASDAQ:WIX) is also making inroads into the AI sector. For instance, on June 2nd, it announced that it was OpenAI’s building partner for the AI company’s Codex Enterprise platform. Through the integration, users of Wix.com Ltd. (NASDAQ:WIX)’s Headless platform will be able to work within Codex.

On June 15th, Wix.com Ltd. (NASDAQ:WIX) partnered up with software giant Microsoft to integrate its Harmony platform into Microsoft’s 365 Copilot. As was the case with the OpenAI partnership, the deal will enable Wix users to fully work within Microsoft’s platform without having to exit it.

In a recent appearance on Mad Money, CNBC’s Jim Cramer couldn’t help but make a sarcastic comment about Wix.com Ltd. (NASDAQ:WIX):

“Okay, I got a guy, Zach, upstairs, and he can duplicate whatever Wix does, and he comes at a fraction of the cost, and they charge $10 a thing. Just kidding. And Zach’s worth a lot more than Wix.”