Why Wix.com Stock Rebounded 21.3% in July

Wix.com stock jumped 21.3% in July as investors unwound AI-related trades that had positioned the website builder as an AI 'loser.' The rebound was further supported by strong Q2 earnings showing 15% revenue growth, positive free cash flow, and aggressive share buybacks. Despite being down 83% from its highs, Wix trades at a single-digit multiple of trailing free cash flow, potentially making it attractive for long-term investors.