Best Cloud Computing Stocks to Buy Now

    Best Cloud Computing Stocks to Buy Now Amazon is solid Cloud-oriented growth stock. It is certain that the main growth engine of the Technology sector is the Cloud computing market. Cloud infrastructure platforms power countless websites, applications and streaming media services, and provide companies with extra storage and computing power. In addition, cloud-based software services can analyze data, help companies make decisions, and allow people to work remotely. Now it is worth taking a look at one of the best names in this industry that is worth buying.

Amazon AMZN (NASDAQ) $3.416,00 +35,95 (+%1,06)

As it is known, AWS (Amazon Web Services), the world's largest cloud infrastructure platform, is the company that provides power to hundreds of thousands of companies in many countries and brings great profits to Amazon (NASDAQ:AMZN). According to Canalys, AWS controlled 31% of the cloud infrastructure market in the second quarter of 2021, gaining market share. AWS is also the only leading platform that generates tangible operating profit. According to the latest data released, AWS's revenue increased 35% year-over-year in the first half of 2021 to $28.3 billion, or 13% of Amazon's top revenue.

Amazon is solid Cloud-oriented growth stock.

This too It shows operating profit increased 30% to $8.4 billion, or 50% of Amazon's operating income. AWS' high-margin revenue supports the growth of Amazon's low-margin retail businesses, enabling it to expand the Prime ecosystem with aggressive discounts, free shipping options, and a host of other benefits, all of which give it a killer edge over other retailers. Analysts expect Amazon's cloud and e-commerce businesses to continue to grow and continually increase revenues and earnings. Amazon, with its accelerated growth during the pandemic despite facing challenges, its stock still appears to be at a fair value, with 50x forward earnings and less than four times this year's sales. Amazon is solid Cloud-oriented growth stock.  

Source: The Motley Fool

 

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