Cloud computing refers to all of the infrastructure required to store and host the internet and its websites including servers, data centers, storage, networking, and development tools located off premises. Those services and infrastructure continue to grow at a rapid pace making cloud stocks an important subsector.
Investors will continue to put their capital behind cloud companies because the overall growth rate projections are strong. Further, AI is a strong component of the cloud sector that promises to potentially increase growth even further. These cloud stocks will continue to have a high likelihood of providing healthy returns for investors.
This post appeared first on InvestorPlace.