This Artificial Intelligence (AI) Stock Has Gone Parabolic, and Buying It Is a No-Brainer Right Now

Though shares of Twilio (NYSE: TWLO) have underperformed the broader market so far in 2024 with gains of 19%, compared to the 23.6% gains clocked by the S&P 500 index, a closer look at the recent stock price action will tell us that investors have become incredibly bullish about the company of late.More specifically, Twilio stock has gone parabolic since releasing its third-quarter results on Oct. 30, jumping 28% in the past week thanks to a better-than-expected set of numbers and improved guidance for the year. A parabolic move refers to a rapid increase in a company's stock price in a short period of time (similar to the right side of a parabolic curve). The good part is that Twilio may be able to sustain its newly found momentum thanks to artificial intelligence (AI).Let's look at how AI is playing a central role in helping Twilio ramp up its growth and could unlock a solid long-term growth opportunity for the company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool