Well, it's a new week, but the stock market is still looking a lot like it looked last week -- which is to say, "down." As of 12:55 p.m. ET, shares of cloud communications platform Twilio (NYSE: TWLO) are up a solid 2%. You can probably thank Piper Sandler for that.
Cathie Wood's Ark Innovation ETF, which focuses on such stocks, has plunged by nearly 75% from its early 2021 peak, and some individual companies have fallen further. Advanced Micro Devices (NASDAQ: AMD), Meta Platforms (NASDAQ: META), and Twilio (NYSE: TWLO) are likely three such stocks. Jake Lerch (Advanced Micro Devices): There's plenty of carnage in the stock market among tech stocks, and AMD is no exception.
The stock market downturn hasn't deterred Wall Street analysts from recommending these three innovative companies.