We recently compiled a list of the Top 8 Must-See AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Wix.Com Ltd. (NASDAQ:WIX) stands against the other AI stocks.
On 17th February, xAI launched its updated Grok 3 AI model as part of efforts to stay at par with the evolving reasoning and search capabilities showcased by global competitor models. During an event live-streamed on X, xAI leaders claimed that the latest version of Grok 3 is better than Gemini, GPT-4o, Claude 3.5, and DeepSeek’s V3 models in terms of math, science, and coding benchmarks.
xAI also highlighted the tool’s latest features, which include advanced web searching with “deep search,” coding abilities for online games, and a “big brain” mode for complex problems. The xAI announcement comes as the global AI race heats up amid China’s advancements in this space.
While the cost-effective DeepSeek AI and the Qwen 2.5 models triggered a $1.3 trillion market rally in China, the mainland could witness further economic boost after recently announcing breakthroughs in quantum computing, focusing on quantum communications. However, analysts warn of data-driven surveillance and global data-centric authoritarianism in tandem with quantum advances.
“First, quantum computing is expected to eventually enable any state or non-state actor that possesses this technology to circumvent encryption that protects communications,” the analysts state. “Second, if the quantum communications providers who are first-movers in this space adopt cryptography standards and equipment that include backdoors for official government use, information conveyed over quantum networks will be vulnerable to state surveillance — potentially either by the governments that import these technologies, or by the home countries of companies that provide quantum services.”
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A content marketing website showing the audience reach of the company’s products.
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.
Overall WIX ranks 3rd on our list of the AI stocks investors should not miss. While we acknowledge the potential of WIX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WIX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.
Disclosure: None. This article is originally published at Insider Monkey.
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