Cathie Wood's position in TwilioClass A is currently worth $448 Million. That's 3.08% of their equity portfolio (11th largest holding). The investor owns 3.95% of the outstanding TwilioClass A stock. The first TwilioClass A trade was made in Q4 2016. Since then Cathie Wood bought shares eighteen more times and sold shares on six occasions. The investor's estimated purchase price is $1.5 Billion, resulting in a loss of 70%.
"AI is going to lead to one of the biggest improvements in productivity… which is highly anti-inflationary," Wood said at CNBC''s Financial Advisor Summit.
While artificial intelligence is now becoming a household word for most investors, it’s been on Ark Invest founder Cathie Wood''s mind for quite some time . ...
Twilio has a hill to climb. But its Q2 financial results and the release of a new AI product may be just what the stock needs for a catalyst.
Cathie Wood said the days of mega-cap names leading the pack for innovation are limited as the world enters a new artificial intelligence era. Learn more here.