5 Best Stocks to Buy According to Billionaire Jeffrey Talpins

2. Wix.com Ltd. (NASDAQ:WIX)

Element Capital’s Stake: $29.9 million 

Wix.com Ltd. (NASDAQ:WIX) is another AI stock that has struggled in today’s AI era. The shares are down by 69% over the past year and by 51% year-to-date. Banking giant JPMorgan discussed Wix.com Ltd. (NASDAQ:WIX)’s shares on June 18th. It cut the share price target to $62 from $86 and kept an Underweight rating on the shares. The coverage came as part of JPMorgan’s evaluation of the broader internet sector. Wix.com Ltd. (NASDAQ:WIX) also made key announcements related to artificial intelligence in June. The firm teamed up with Microsoft and OpenAI to provide its products in the two software companies’ product ecosystem.

Wix.com Ltd. (NASDAQ:WIX)’s deal with OpenAI is focused on agentics. It allows users to transform a business idea from the conceptual stage into a revenue generation platform. The partnership with Microsoft brings Wix.com Ltd. (NASDAQ:WIX)’s Wix application into the software giant’s Microsoft 365 Copilot platform to enable users to access Wix through the chat option.

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