Twilio stock steadies in premarket after 5% drop as tech nerves linger
Twilio shares rose 1.7% to $124.92 in premarket trading Thursday after dropping 5.2% the previous day. The move followed a broader tech selloff Wednesday, with the Nasdaq down 1% as investors shifted to defensive sectors. Traders watched for major bank earnings and updates on U.S.-China chip restrictions. China reportedly drafted new rules on advanced AI chip purchases, but details remained unconfirmed.