Wix shares plunge 27% after Q1 2026 report reveals 46% rise in operating costs and AI spending concerns.
Wix.com shares dropped 27% on May 13, 2026, wiping out over $1.1 billion in market value after the company reported a 46% year-over-year increase in operating expenses driven by heavy AI-related investments. The surge in costs, especially in sales an...
