10 Trending AI Stocks on Wall Street’s Radar

8. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 52

Twilio Inc. (NYSE:TWLO) is a software infrastructure company that makes tools that enhance connections between customers and businesses. On January 23rd, the stock spiked by 14% after the company announced it is on course to achieve positive operating income for the first time. The milestone comes as the company integrates artificial intelligence into its products, eliciting strong demand.

The company’s projected revenue growth of 11% against the 8% expected marks an important milestone affirming growth acceleration from a 1% growth rate in the third quarter. The robust growth comes as Twilio’s artificial intelligence-powered tool is important in enabling innovative systems and autonomous agents. Twilio Inc. (NYSE:TWLO) has already inked strategic partnerships with Amazon and OpenAI as it continues to pursue growth in the communications and data market, which is expected to be worth $119 billion by 2028.