2023-11-10 05:51:00 ET
Ask Cathie Wood what her favorite stocks are these days. She's likely to mention Twilio (NYSE: TWLO) . It ranks among the top 10 holdings for her Ark Innovation ETF and Ark Fintech Innovation ETF . Wood has also recently scooped more shares of Twilio for her Ark Next Generation Internet ETF .
But Twilio just reported year-over-year revenue growth in the third quarter of only 5%. Still, Wood loves this slow-growing artificial intelligence (AI) stock. Is she crazy -- or crazy like a fox?
Investors reacted positively to Twilio's Q3 update on Wednesday. The company, which operates a customer engagement platform, reported better-than-expected revenue of $1.03 billion. It also handily beat the consensus Wall Street earnings estimate with adjusted earnings of $0.58 per share.
For further details see:
Cathie Wood Loves This Slow-Growing Artificial Intelligence (AI) Stock. Is She Crazy -- or Crazy Like a Fox?