This Red-Hot Artificial Intelligence (AI) Stock Hits a Speed Bump. Here's Why You May Want to Buy It Hand Over Fist.
Twilio (NYSE: TWLO) stock registered stunning gains of 93% on the market in the past six months, driven by an acceleration in its growth on account of the improving demand for its artificial intelligence (AI) tools that enable its clients to communicate more efficiently with their customers.However, Twilio's rally came to an abrupt halt following the release of its fourth-quarter 2024 results on Feb. 13. Shares of the cloud-communications platform-as-a-service (CPaaS) provider, whose application programming interfaces (APIs) allow its clients to integrate communications capabilities into their software applications, fell 15% following the release of its results.Let's see why that was the case.Continue reading
Twilio (NYSE: TWLO) stock registered stunning gains of 93% on the market in the past six months, driven by an acceleration in its growth on account of the improving demand for its artificial intelligence (AI) tools that enable its clients to communicate more efficiently with their customers.
However, Twilio's rally came to an abrupt halt following the release of its fourth-quarter 2024 results on Feb. 13. Shares of the cloud-communications platform-as-a-service (CPaaS) provider, whose application programming interfaces (APIs) allow its clients to integrate communications capabilities into their software applications, fell 15% following the release of its results.
Let's see why that was the case.
