MarketWatch First Take: Twilio is being hailed as the next AWS, and its stock has quadrupled this year

Twilio Inc. shares had already tripled on the year heading into Tuesday afternoon’s earnings report, but that was just a prelude to a record day on Wednesday that shows growing belief the little-known software company could be a giant in the making.

Twilio TWLO, +35.44% stock gained 35.4% Wednesday , easily the best one-day gain in history for the stock, which has now quadrupled on the year with a gain of 307%. For comparison, the Nasdaq Composite Index COMP, +2.64% has gained 9.2% in 2018 and the S&P 500 index SPX, +2.12% has increased 3.1%

Twilio offers an essential service to developers who create mobile apps, as its software is used to connect apps to essential functions elsewhere on a device and a company’s ecosystem, mainly dealing with phone calls and messaging.

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