#Cloud Computing Industry and Cloud Stocks $Snowflake Inc
, a cloud data warehousing firm, is scheduled to announce its first earnings report on December 2nd since its IPO in September, 2020.
Let’s Learn more about cloud computing stocks and its industry trends.
The cloud computing industry leaders and top cloud stocks cover a similarly wide range, from $Amazon.com
(AMZN) to Google parent $Alphabet
(GOOG) to $Microsoft
(BABA) and $Oracle
Let’s look at the cloud supply chain:
Companies such as $Intel
(INTC), artificial intelligence (AI) leader: $Nvidia
(NVDA), and $Micron Tech
(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.
The biggest buyers of data center infrastructure are $Amazon.com
(AMZN) Web Services, $Microsoft
's(MSFT) Azure and Alphabet's $Alphabet
(GOOG), as well as consumer-facing companies like $Apple
(AAPL) and $Facebook
Companies like $Salesforce.com
(CRM) that offer subscription-based software-as-a-services (SaaS) arrived before the term cloud computing was coined.
Discussion: What are your thoughts about the cloud computing industry? Considering all the cloud stocks, which stocks do you think will perform significantly better than the others? If you own one of these stocks, what are your trading strategies for the upcoming weeks/months?
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