Israeli website builder lowers bookings and revenue forecasts after warning of weakness in its partners business, which accounts for 38% of revenue; shares fell sharply in premarket trading as AI disruption fears continue to weigh on the company

Wix.com shares are touching fresh 52-week lows Monday, extending slide after May's Q1 miss as investors weigh AI threat vs. opportunity.

"The organizational realignment to streamline operations and reallocate resources..."