TWLO - 1 Incredibly Cheap Artificial Intelligence (AI) Stock to Buy Before It Skyrockets
2024-07-21 09:00:00 ET
The proliferation of artificial intelligence (AI) has given a big boost to technology stocks in the past year, which is evident from the 30% gains clocked by the Nasdaq-100 Technology Sector index during this period. But not all companies in this sector have benefited from the adoption of AI.
Twilio (NYSE: TWLO) is one of those names, as shares of this provider of cloud communications services are down 11% in the past year. The company's slowing growth due to weak customer spending has played a central role in its poor showing on the stock market.
However, Twilio stock has started gaining some momentum of late. But can this cloud stock keep heading higher? Let's find out.
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1 Incredibly Cheap Artificial Intelligence (AI) Stock to Buy Before It Skyrockets