Includes major US listed cloud computing service providers. These companies provide IAAS, SAAS, and PAAS services, infrastructure, and solutions for companies and individuals, enabling them to quickly deploy and manage their own operations, applications, and systems. Cloud computing is a significant investment opportunity for its potential cost savings. By moving IT infrastructure to the cloud, companies can reduce capital expenditures on hardware and software and only pay for the services they use, freeing up resources to invest in other areas such as research and development or marketing. Increasing demand for storage and processing power is driving the growth of cloud computing. As more businesses move to digital platforms and adopt technologies like AI, the amount of data being generated is growing exponentially. Cloud computing offers a scalable solution to handle this data.
1. Has the AI hype gone too far?
2. Will consumer spending slow down further?
Even though profits are still solid overall, and banks are doing pretty well, these worries have knocked the stock market rally off its path. The Nasdaq 100 Index dipped 2.6% for its third straight weekly loss, especially aft...
But that said, the S&P 500 and Nasdaq still declined last.
With 4 more "Magnificent 7" tech companies reporting this week, things will only get even more volatile.
$SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $Apple(AAPL.US)$ $Tesla(TSLA.US)$ $NVIDIA(NVDA.US)$ $Alphabet-A(GOOGL.US)$ $Meta Platforms(META.US)$ $Microsoft(MSFT.US)$ $Amazon(AMZN.US)$ $Netflix(NFLX.US)$