Cloud Spending Is Slowing. Here's Why Tech Investors Shouldn't Panic.
The latest batch of quarterly earnings reports from the top cloud computing companies indicated an unnerving trend: Spending from cloud clients is slowing down.
Investors are already concerned about rising interest rates and a potential recession, so hearing management from Amazon (NASDAQ: AMZN), (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) say that customers are somewhat backing off of cloud spending right now didn't exactly instill confidence.
But should investors be worried about these companies and their long-term potential? I don't think so. You'd have to ignore some really huge cloud computing trends to think the market is on the decline. Let's take a closer look at what's really going on.
Source Fool.com
Microsoft Corp. Aktie
385,20 €
0,17 %
Starkes Buy-Sentiment bei Microsoft Corp. mit 115 Buy- gegenüber 3 Sell-Einschätzungen.
Ein leichtes Potenzial nach oben für Microsoft Corp. mit einem Kursziel von 426 € gegenüber dem aktuellen Kurs von 385.2 €.
