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Similarweb Ltd. (SMWB) is an Israel-based company that provides website traffic solutions through AI (artificial intelligence)-driven data analytics worldwide. The company also offers an investor intelligence solution that allows users to access an end-to-end view of market, sector or company performance to monitor investment opportunities, forecast market performance, and perform due diligence.
The accelerated pace of digital transformation in almost all industries has benefited internet-based platforms among other technology companies amid the pandemic. Investor optimism around internet stocks is evident in Invesco NASDAQ Internet ETF’s (PNQI) 41.8% returns over the past year versus the SPDR S&P 500 Trust ETF’s (SPY) 30.7% gains.
