In This Article:
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The combination of Twilio’s established business and access to more contemporary AI tech makes it a formidable player.
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The era of artificial intelligence-designed medicine isn’t a mere idea anymore. It’s reality.
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While Palantir remains a far bigger AI company, C3.ai’s solutions are proving increasingly more marketable for a reason.
Market darlings like Nvidia and Palantir Technologies are still solid investment prospects to be sure. After several years of big gains, however, these crowded trades are starting to show signs of age. It may be time to start looking for the next generation of winners.
To this end, here's a closer look at three brilliant growth stocks you might want to take long-term stakes in now. It will come as no surprise that all three of them are artificial intelligence (AI) plays.
In retrospect, Twilio (NYSE: TWLO) was ahead of its time.
This cloud-based communications platform, launched back in 2008, automated a variety of interactions between companies and their customers, including mobile text messages, web-based chats, and even voice communications using speech-recognition technologies. In many ways, this was artificial intelligence. The world just didn't recognize it as AI yet, since more familiar platforms like OpenAI's ChatGPT and Google's Gemini (originally known as Bard) wouldn't launch until years later.
Newer AI technology is much more powerful than Twilio's original solutions, of course. That's just the nature of any technology -- it's always improving. That's why Twilio is using more contemporary AI in its apps, like its customer service chat "bots" capable of interacting with an individual customer just as a live service agent would. The company's Flex contact center tech, meanwhile, supports higher-level analysis of individual customers in a way that can predict their needs and identify cross-selling and upselling opportunities.
More to the point for investors, all of it is working. Its first-quarter customer count of 335,000 is up 7% from the year-earlier figure of 313,000, inflating revenue by 12% to $1.17 billion to extend a long-established streak of steady growth that's expected to persist for at least a few more years.
The thing is, now that AI-powered customer service is proven to work as needed, Twilio's leading position in this space provides it with some serious marketing firepower. It should be able to win more than its fair share of the 36.5% annualized growth that Roots Analysis predicts for the AI service-agent industry through 2035.