Twilio and Nvidia: AI Hopes Lift Beaten-Down Tech Stocks, But Growth Concerns Remain

After a rough 2022, tech stocks like Nvidia are surging in 2023 amid AI hype. But Nvidia's valuation may be too rich for some investors.

Twilio provides cloud communications software and could benefit from AI adoption. But near-term growth is slowing due to the economy.

Twilio has potential for long-term growth in the cloud contact center market, which is expanding rapidly.

Twilio is aggressively rolling out new AI features to help customers and gain market share. AI adoption could accelerate Twilio's growth.

At 2.5x sales, Twilio is very cheap compared to Nvidia's 34x. The stock could jump 250% in 5 years if growth accelerates.