Just caught Wix popping off this week - up 33% in a single week, which is pretty wild for a company that got beaten down so badly over the last year.

Turns out the AI disruption fears everyone was worried about didn't actually show up in their numbers. Q4 earnings came in solid - revenue up 14% YoY to $524 million, and their Base44 acquisition (which they picked up last year) just crossed $100 million in annual recurring revenue. That's a massive jump from basically nothing.

Free cash flow was strong too at $155 million. So management is clearly feeling confident about what's ahead. They're guiding for mid-teens growth in 2026, and they just announced a $2 billion share buyback program. That's aggressive considering the company only has a $5 billion market cap right now.

What's interesting is the narrative flip here. For months everyone was doom-posting about AI killing Wix's business model. But the company actually launched AI-powered website builders (they partnered with ChatGPT too), and it's working. They're not disrupted - they're adapting.

Even after this week's move, the stock is still trading pretty cheap relative to what they're generating in cash flow and growth. If you've been watching Wix from the sidelines, this might actually be worth taking a closer look at. The valuation makes more sense now than it did at the lows.