This week was earnings week for Israeli tech on Nasdaq, and it says a lot about what investors are looking for today. The picture, in short: last quarter's numbers barely matter. What moves a stock is guidance, and the story a company tells about the future.
monday.com: beat expectations, and was punished
monday.com reported 19% growth and revenue above forecasts, but the stock fell about 6% in premarket trading after the results, because next-quarter guidance implies growth of only about 14%. AI revenue, about $36 million a year, is still too small to change the picture.
Wix: AI that brings in money
Wix grew only 13%, but the stock rose about 2.7%. The reason is Base44: the 'vibe coding' tool it bought for $80 million is approaching $250 million a year, and its profitability is improving fast. Investors got what they did not get from monday.com: proof that AI generates real revenue.
Nayax: a revenue miss, and a rise
Nayax reported revenue of $128 million, below the roughly $134 million analysts expected, yet the stock rose about 6%. The explanation: improving operating profitability and higher annual guidance after the IPS acquisition. Again, the future beat the quarter.
The lesson?
In a market of rising rates and fear of an AI bubble, investors reward two things: proof that AI makes money, and confidence in guidance. Companies that tell an AI story without numbers, or show a slowdown, are punished even when the quarter is good. Tomorrow it is Cellebrite's turn, and next week Nvidia's, and the question will be the same: not how much you grew, but how much you will grow.
