Cloud is fast emerging as the new model of computing in the technology industry. Many companies now prefer to rely on cloud based service providers for highly specialized computing services so that they can focus on their core businesses.
Cloud computing is more secure as also cheaper than traditional systems. It also provides firms a lot of flexibility and agility in scaling up or down their computing capacity according to business needs. Cloud computing revenues soared 246% in the previous decade, and are expected to grow by another 30% before 2023, per WSJ.
Amazon (AMZN) is currently the leader in the cloud market, but Microsoft’s (MSFT) cloud revenues are growing faster than Amazon’s. Alibaba (BABA) and Google (GOOGL) are third and fourth respectively in terms of the global market share.
The First Trust Cloud Computing ETF (SKYY) tracks a modified equal weighted index of infrastructure, platform and software cloud companies. Microsoft, Amazon and Alphabet are its top holdings.
The Global X Cloud Computing ETF (CLOU) hold companies that are positioned to benefit from the increased adoption of cloud computing. While Amazon, Microsoft and Alphabet are included in the portfolio, the fund’s top holdings are pure-play cloud companies like Zscaler (ZS) and Shopify (SHOP).
The WisdomTree Cloud Computing ETF (WCLD) tracks an equal-weighted index of emerging companies focused on cloud software and services. DocuSign (DOCU) and Ringcentral (RNG) are among the top holdings.
To learn more about these ETFs, please watch the short video above.
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Microsoft Corporation (MSFT) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Ringcentral, Inc. (RNG) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
Shopify Inc. (SHOP) : Free Stock Analysis Report
First Trust Cloud Computing ETF (SKYY): ETF Research Reports
DocuSign Inc. (DOCU) : Free Stock Analysis Report
Zscaler, Inc. (ZS) : Free Stock Analysis Report
Global X Cloud Computing ETF (CLOU): ETF Research Reports
WisdomTree Cloud Computing ETF (WCLD): ETF Research Reports
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Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report” data-reactid=”21″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Ringcentral, Inc. (RNG) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
Shopify Inc. (SHOP) : Free Stock Analysis Report
First Trust Cloud Computing ETF (SKYY): ETF Research Reports
DocuSign Inc. (DOCU) : Free Stock Analysis Report
Zscaler, Inc. (ZS) : Free Stock Analysis Report
Global X Cloud Computing ETF (CLOU): ETF Research Reports
WisdomTree Cloud Computing ETF (WCLD): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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