When The Bull Case for a Company Starts With “I Wouldn’t Be Surprised If It Goes to Zero,” I Pay Attention

Sometimes the astir absorbing concern ideas are ones the pitcher admits could spell to zero. That is precisely the setup expert Daniel Velasquez laid retired connected the We Study Billionaires podcast erstwhile helium made the lawsuit for Wix.com (NASDAQ:WIX), the Israeli website builder turned AI-driven app platform.

Velasquez was candid: helium "wouldn't beryllium surprised" if Wix is "completely gone" successful 5 years. But the flip broadside of that coin is what makes this a genuinely asymmetric bet. In his words, "If Wix is inactive applicable in, let's say, 5 years, I deliberation it volition astir apt person been a multibagger from today's prices."

Host Trey Lockerbie pushed backmost early, admitting "when you archetypal told maine you'd screen Wix, I thought it would ne'er marque it into the portfolio." But aft digging in, helium conceded "some of the stats you sent maine are impressive" and zeroed successful connected the puzzle astatine the bosom of the trade: "when I look astatine the financials for Wix, they look much than solid. And it makes you wonderment wherefore this concern is trading astatine 1 of the astir depressed levels it's ever traded at."

Why The Stock Looks Broken

WIX is down astir 50% year-to-date and astir 66% implicit the past year, with shares closing astatine $52.39 connected June 5, 2026, against a 52-week precocious of $190.93. The marketplace headdress present sits adjacent $2.19 billion.

The trigger was a brutal Q1 2026 report. Wix posted non-GAAP EPS of $0.68 against a $1.22 consensus, with gross of $541.17M increasing 14% twelvemonth implicit year. Operating income swung to -$69.72M, and income and selling walk jumped 79% YoY to $199.59M. Margins got crushed.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Wix didn't marque the cut. Grab the names FREE today.

Why The Business Looks Healthy

Look astatine the operating motor and a antithetic representation emerges. Total ARR deed $1.903B, up 15% YoY. Business Solutions grew 17%, Transaction Revenue 19%, Partners Revenue 19%. New idiosyncratic cohort bookings grew astir 46% YoY. Free currency travel for full-year 2025 came successful astatine $572.96M.