Invest In a Booming Market: 2 Cloud Stocks to Buy Hand Over Fist in 2023
Cloud computing has become one of the fastest-growing and most lucrative industries over the past few years. The COVID-19 pandemic dramatically accelerated the market's growth as more companies looked to move their businesses to the cloud, adopting digital services that made working from anywhere possible. According to Grand View Research, the industry was worth $369 billion in 2021 and will see a compound annual growth rate of 15.7% until 2030.
As a result, dozens of companies have begun carving out their own place in cloud computing, with some already enjoying boosted revenue. In fact, macroeconomic headwinds led many tech companies to suffer losses in 2022. However, cloud computing was largely unaffected, as the industry continued providing impressive revenue growth.
Here are two cloud computing stocks to buy hand over fist in 2023.
Source Fool.com
