# The Dead Stocks That Are Quietly Beating AI

Page: https://stenobird.com/podcast/chip-stock-investor-podcast-6441813/the-dead-stocks-that-are-quietly-beating-ai
Text version: https://stenobird.com/podcast/chip-stock-investor-podcast-6441813/the-dead-stocks-that-are-quietly-beating-ai.md
Podcast: [Chip Stock Investor Podcast](https://stenobird.com/podcast/chip-stock-investor-podcast-6441813)
Published: 2026-06-02T14:00:01+00:00
Episode link: https://podcasters.spotify.com/pod/show/chipstockinvestor/episodes/The-Dead-Stocks-That-Are-Quietly-Beating-AI-e3k7sei
Audio file: https://anchor.fm/s/e2cacf78/podcast/play/120893330/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-5-2%2F425360044-44100-2-54962b81c549a.mp3
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Duration seconds: 566

## Resource

While the market chased AI names, communications software stocks like Twilio (TWLO) and Bandwidth (BAND) quietly re-accelerated. Here's what the financials actually show — and whether these forgotten names deserve a spot in your portfolio. CSI breaks down two API-layer software companies left for dead after the pandemic era that are now showing signs of fundamental re-acceleration. We analyze quarterly revenue trends, operating profit trajectory, and free cash flow for both — including the key distinction between Twilio's headline revenue and organic revenue (stripping out carrier pass-through fees). We also cover Bandwidth's emerging relationship with Salesforce as a voice-powered AI agent infrastructure provider, and what that means for future revenue growth. Plus, we address the macro question investors are asking: if enterprises pull back on AI token spending, does that actually send them back to SaaS vendors? We break down both sides of that thesis. This is a fundamentals-first look at an under-covered corner of the software market — no hype, just the numbers. 🔒 This episode features an excerpt from one of our CSI Live sessions — exclusive to Semi Insider members. Join to access our full library of live analysis, deep dives, and member Q&As: https://chipstockinvestor.com 📺 Watch the related YouTube video — we called this back in April: https://www.youtube.com/watch?v=fHcvCip1-tQ Content is for general informational and entertainment purposes only and does not constitute specific investment advice. All investing involves risk. Nick and Kasey do not own shares of Twilio or Bandwidth.

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