Posted 3/21/2024, 9:50:00 AM
Cathie Wood Dumps Twilio, Trims UiPath As AI Growth Stocks Face Challenges
- Cathie Wood has been selling shares of Twilio and UiPath, two AI stocks she previously championed
- Ark Invest ETFs have made over 20 transactions selling Twilio and 9 selling UiPath so far in 2023
- Twilio faces challenges with its Segment business and disappointing revenue growth
- UiPath delivered record revenue in Q4 2022 and achieved its first quarter of GAAP profitability
- The article recommends UiPath over Twilio as the better AI stock to own right now based on growth prospects