Twilio (TWLO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
At a recent conference in Munich, Ark Innovation ETF (NYSEMKT: ARKK) manager Cathie Wood was asked about her favorite artificial intelligence (AI) plays. While ARK has owned AI star Nvidia (NASDAQ: NVDA) in the past, Wood actually sold out of Nvidia in the company's main fund in January before Nvidia took off 189% this year. & Robotics ETF (NYSEMKT: ARKQ) and other strategies still hold the stock, Wood had also greatly scaled back the Nvidia holding in those ETFs since the earlier part of the year.
No one can claim that Cathie Wood isn't bullish about artificial intelligence (AI). She has been a vocal cheerleader for AI for years, and her Ark Invest funds have invested heavily in AI stocks. However, there's one high-flying AI stock that Wood isn't so bullish about these days.