From Yahoo Finance: 2025-03-29 10:03:00

Jericho Capital Asset Management is a hedge fund specializing in long/short equity strategies, focusing on global tech, media, and telecom sectors. With $7 billion in 13F securities, the firm maintains a concentrated portfolio, emphasizing high-conviction investments in innovative sectors. Founder Josh Resnick brings extensive experience in finance and investment to the firm, positioning it as a key player in the hedge fund industry.

Twilio Inc. (TWLO) is a cloud communications company offering programmable tools for businesses. Despite strong revenue growth, its stock dropped 15% after Q4 2024 earnings report due to an earnings miss and cautious guidance. Twilio achieved its first-ever quarter of GAAP operating profitability, but faced financial setbacks and lower cash flows compared to the previous year.

Twilio’s Board of Directors approved a $2 billion share repurchase program, following a $3 billion buyback under its previous plan. With a strategic focus on operational discipline and innovation, Twilio aims for long-term success. Jericho Capital Asset Management recently acquired almost 2.8 million TWLO shares, making it the ninth most valuable position in the fund’s 13F holdings for Q4 2024.

Despite being a new holding, TWLO ranks 9th on Jericho Capital’s list of top stocks to buy. While TWLO shows promise as an investment, the firm believes other AI stocks offer greater potential for higher returns within a shorter time frame. For investors seeking promising AI stocks, exploring options with significant upside potential may lead to more favorable outcomes.

Read more: Twilio Inc. (TWLO) Among Top Stock Picks of Jericho Capital Asset Management