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ZM - CLOU: Expect Rain With So Many New Cloud Companies
Zoom Video Communications Inc.
(Pexels) - Is the sun setting for Cloud Computing stocks?
Technology stocks have dominated market performance over most of 2020. Many firms such as Apple (AAPL), Google (GOOG) (GOOGL), and Microsoft (MSFT) are up 30-50% YTD despite it being an abysmal year for the global economy. However, it is actually the newer cloud computing firms that have seen the most significant gains. This includes Software-as-a-Service, Platform-as-a-Service, and Infrastructure-as-a-Service firms, as well as server and data REITs.
The Global X Cloud Computing ETF (CLOU) invests in