3 Top Cloud Stocks to Buy in October
The angst on Wall Street is reaching a fever pitch as investors fret over the U.S. Federal Reserve's interest rate policy, and whether or not its resolve to raise rates will lead to a "hard landing" (aka a recession). This worry spilled over into the corporate world, and many businesses are tightening their spending budgets.
But one area of the economy seems to be doing just fine: cloud computing. Sure, new tech projects aren't cheap, so some businesses are tapping the brakes a bit. However, cloud computing is a long-term money saver, so many cloud computing companies continue to report strong revenue growth.
With the market in turmoil, now looks like the time to put money to work if you plan to be invested in the cloud for the next decade. Give Amazon (NASDAQ: AMZN), Salesforce (NYSE: CRM), and Nvidia (NASDAQ: NVDA) some serious attention in October. Let's find out a bit more about these three cloud stocks.
Source Fool.com
