FINSUM + Magnifi: Why it is a Good Time to Buy into Cloud Computing

(January 2021)

 

If you dig under the handful of headlines that have driven financial media during the pandemic, you will find a sub-narrative that is just as potent and more specific. That narrative has to do with cloud computing. For anyone that has been paying attention, cloud computing has experienced massive growth during the pandemic, as the second wave of digitalization ushered in by COVID has pushed cloud computing capacity ever higher for tech companies. Much of the headlines around this center on cloud computing leader Amazon, whose web services division help powered the hyperbolic growth Zoom was able to achieve during the pandemic, for example.

(Silicon Valley)


FINSUM + Magnifi: In our view, the reality is that demand for cloud computing does not seem like it is going anywhere. The huge transition to digital communications and ecommerce has increased cloud computing needs and the necessity for capacity does not seem likely to abate anytime soon. Accordingly, it is easy to imagine a long-term bull market for cloud computing stocks and ETFs.



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This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]

 

Magnifi in Action: Discover "Cloud Computing"

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