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The Columbia Seligman Global Technology Fund noted that Wix.com is facing pressure on its profit margins as AI startups pose a competitive threat to its website design business.
In its second-quarter 2026 investor letter, the Columbia Seligman Global Technology Fund noted that Wix.com Ltd. (NASDAQ:WIX), a website design and hosting company in which it is overweight, underperformed during the quarter. Wix.com faces mounting pressure on its profit margins, primarily due to market concerns that AI startups will erode its market share in the website design business and other software sectors.
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