2 Top Tech Stocks for a Post-Pandemic World
The novel coronavirus pandemic has led to a surge in internet traffic thanks to the shift toward telecommuting and online education, as well as a bump in video gaming and streaming video demand on account of shelter-in-place orders and lockdowns.
This is forcing data center operators to upgrade their capacities and capabilities to handle the increased load. Chinese giant Alibaba recently announced that it will spend $28 billion to bolster its data center infrastructure over the next three years in preparation for a post-COVID-19 world. Market research firm TechNavio estimates that spending on data center construction could increase at an annual rate of 10% through 2024.
According to another estimate, cloud computing demand is expected to increase at an annual pace of 12.5% through 2021. Software-as-a-service (SaaS) solutions are expected to account for a lion's share of this growth.
Source Fool.com
