Amazon, Microsoft, and Alphabet: 2 Winners and 1 Loser in the Cloud Computing Arena
Cloud computing is a major beneficiary of AI spending.
Overview
In the cloud computing arena, three companies dominate: Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). All three of these have thriving cloud computing businesses, and each recently reported results for its latest quarter.
Although the market may have declared a handful of winners, I have a different line of thinking on these three. I think there are two clear winners and one loser in this trio, and the loser may seem odd to pinpoint, considering the stock's performance following earnings.
Details
So, where do these three fall? Let's find out.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.