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3 companies on cloud computing

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Mass gatherings were drastically reduced, while working from home became practice for quite some time. Due to the emergence of the Coronavirus, a large number of consumers trust the cloud computing services To do the things.

Solutions based on cloud They are emerging to meet the needs of people for remote collaborations, video conferencing and audio conferencing, online classes, games, and e-commerce amid the pandemic. Therefore, the big data and cloud computing play critical roles in the healthcare industry as the fight against the virus continues.

The immense demand in the cloud computing space provided robust developments in share prices for this sector. For this reason, here are 3 cloud computing actions to consider.

Meet the largest cloud computing development companies according to SimpleFX

Microsoft leads cloud computing companies

Starting the list, Microsoft is a key player in the cloud computing sector, contributing a market share of 18% from 16% last year. Also, according to the Microsoft CEO, Satya Nadella, are ahead of other cloud infrastructure providers by having more data center regions, with Mexico and Spain being the latest additions.

Last quarter, Microsoft gained 29% in revenue from the smart cloud segment to $ 12.3 billion. It has a free cash flow of $ 13.7 billion in the last quarter, increasing 25% year-over-year.

MSFT.US is up 35% to date. Source: SimpleFX WebTrader
MSFT.US is up 35% to date. Source: SimpleFX WebTrader

MSFT.US has been moving above the 50, 100 and 200 day SMAs since April. It rose 1.16% on Thursday, hitting a new new high at $ 216. It has currently increased approximately 35% this year to date and is up 9.7% from last week.

NVIDIA as largest provider

Meanwhile, NVIDIA does not allow others to move forward easily. This multinational technology giant delivers GPUs to well-known cloud computing providers, resulting in massive sales growth. Your data center revenue increased to $ 2.99 billion this year, from just $ 339 million in 2016.

Total sales in this segment increased by 80% over the previous year and totaled $ 1.14 billion in Q1 FY2021. NVDA.US is trading at $ 415.09 at the time of writing and has increased by more than 70% this year to date.

NVDA.US is up more than 70% this year. Source: SimpleFX WebTrader
NVDA.US is up more than 70% this year. Source: SimpleFX WebTrader

In addition, the recent acquisition of Mellanox, a leading provider of technology-based computer network products InfiniBand and EthernetIt will be a huge boost to the reach of the NVIDIA data center. With this, NVIDIA’s second-quarter expected revenue amounts to around $ 3.65 billion.

Alibaba competes with its services

Lastly, the shares of Alibaba Group Holding Ltd (BABA.US) hit a new 52-week high on Thursday at $ 268.00. This is after Vincent Yu, from Needham, an analyst at Alibaba, will reveal a “buy” rating with a target of $ 275.

According to Yu, Alicloud It benefits from gigantic shifts to cloud computing by companies and government agencies. Alicloud is a market leader in China with approximately 46% market share. Therefore, the multinational technology company plans to allocate $ 28 billion over 3 years in cloud infrastructure.

Alibaba shares gain 20.62% to date. Source: SimpleFX WebTrader
Alibaba shares gain 20.62% to date. Source: SimpleFX WebTrader

Alibaba is also at the top of the e-commerce market with its Juhuasuan and Taobao Deals attracting more consumers as suppliers of products at competitive prices. BABA.US has gained 20.62% this year to date and has increased 10% since last week.

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