Cloud computing offers investors a wide range of opportunities that span internet infrastructure, as well as consumer and business services delivered via fast connections to the web. The industry leaders and top cloud stocks cover a similarly wide range, from Amazon.com (AMZN) and Google parent Alphabet (GOOGL) to Microsoft (MSFT), Alibaba (BABA) and Oracle (ORCL).
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To visualize the internet cloud, think of warehouse-sized data centers packed with computer servers and data storage systems. Then think of the cloud supply chain.
Companies such as Intel (INTC), artificial intelligence (AI) leaderNvidia (NVDA) and Micron Technology (MU) sell chips built into servers. Fiber-optic device makers sell parts for high-speed communications networks. Seagate Technology sells solid-state data storage systems. Arista Networks (ANET) and Cisco Systems (CSCO) sell specialized network switches and routers that make the cloud superfast.
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Cloud Computing And Top Cloud Stocks
Swing Trading Gets Boost From Market BreadthLast year was focused on the "Magnificent Seven" stocks as many investors bemoaned the difficulty of keeping up with market-weighted indexes dominated by the megacap companies. But at the end of 2023,... Read More
NVDA Stock Today: This Bull Put Spread Could Achieve An 8.7% Return In 10 DaysNvidia is not only trading above the 21-day exponential moving average and the 50-day line, but it has also experienced a powerful breakout past a 505.48 buy point in the last few... Read More
Dow Jones Futures Await Inflation Data; Microsoft Leads 5 New Buys; Bitcoin Rises On ETF ApprovalsDow Jones futures edged higher Thursday morning, while S&P 500 futures and Nasdaq futures rose slightly. The CPI inflation report is due before the open. Spot Bitcoin ETFs will start trading Thursday... Read More
IBD Stock of The Day: Microsoft Gearing Up For AI-Powered GrowthMicrosoft is the IBD Stock of the Day for Wednesday, as MSFT stock rises toward a buy point from a flat base pattern. The tech giant is popular among Wall Street analysts... Read More
Amazon Laying Off Hundreds From Prime Video, Entertainment DivisionsAmazon will reportedly cut hundreds of jobs in its film and television studios, as well as from its Twitch video game streaming business. Mike Hopkins, senior vice president of Amazon's Prime Video... Read More
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Cloud Computing Services
The biggest buyers of data center infrastructure are Amazon Web Services, Microsoft's Azure and Alphabet's Google, as well as consumer-facing companies like Apple (AAPL) and Meta Platforms (META).
Cloud computing services are new growth engines for AWS, Microsoft and Google. Companies rent their powerful computers and software platforms to process business workloads remotely via the web. Apple relies on cloud infrastructure for its fast-growing services business, whisking music and other content to iPhones.
Companies like Salesforce.com (CRM) that offer subscription-based software-as-a-services (SaaS) arrived before the term cloud computing was coined. Many SaaS companies are now working with AWS and other cloud vendors to reach new markets.
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