TMUS - Oppenheimer expects these cloud and communications top picks for 2021 to drive 'new roaring '20s'

Oppenheimer calls 5G and edge computing "two of the most important technology trends" that will drive cloud computing to become "a once-in-a-century general-purpose technology."Outlining the firm's top cloud and communications picks for 2021, analyst Timothy Horan notes that cloud strength will in turn support "three major new technologies:" IoT for data analysis, blockchain for security,and AI for robotics, self-driving vehicles for other use cases.Horan expects the trends to drive a "very strong decade of growth, what we call 'the new roaring '20s,' similar to the impact electricity had on the 1920s and steam engines on the 1820s." .Oppenheimer names Microsoft (MSFT), T-Mobile (TMUS), 8x8 (EGHT), and Kaleyra (KLR) as its top picks for 2021 The firm sees Microsoft as better positioned than cloud peer Amazon Web Services, praises T-Mobile's network improvements, and sees 8x8 and Kaleyra benefiting from improved 5G and cloud infrastructure.Oppenheimer's cloud focus in 2021 will be on edge computing and virtual workplace and

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Oppenheimer expects these cloud and communications top picks for 2021 to drive 'new roaring '20s'