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.
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IBM executive Jack Hergenroder told employees in a virtual meeting on Monday morning that he was transferring Chinese R&D capabilities to other overseas facilities, according to employees present at the meeting. Hergenrother said IBM has seen a decline in its infrastructure business over the past few years, intensifying competition in China, the employees said.
-WSJ
$GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ $Advanced Micro Devices (AMD.US)$ $Amazon (AMZN.US)$
Here are the top earnings and volatility for the week:
$NVIDIA (NVDA.US)$
-Ear...
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