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Jim Cramer swaps Twilio for Red Hat in his 'cloud kings' group of hot tech stocks

Tyler Clifford

"The company's had an amazing year and, over the long haul, I'm betting its stock has more room to run," CNBC's Jim Cramer says. Given Twilio's bullish guidance for the current quarter and full year, Cramer says it's a stock to buy in weakness. "I'm not going to tell you that it's cheap, but I'd much rather own Twilio than these shiny new [IPOs].