Feb. 10 at 6:25 PM
Correlated rally across CPaaS/CCaaS (
$TWLO $BAND $FIVN $RNG) feels layered: post-EGHT earnings challenged the “AI kills usage” thesis, sell-side AI agent framing shifted narratives, then
$RNG S&P SmallCap 600 inclusion added forced flows + possible short-covering.
Now JPM calling out
$TWLO as “high-quality, AI-resilient software.”
Narrative shift? Mechanical flows? Pair-trade unwinds?
Or is there a sell side upgrade in the shadows?