![]() ![]() Valuations are sky-high, and pullbacks across the space certainly are possible. This is a high-growth industry that's being bid up to the … well, clouds. Others assure that the speed and reliability of the cloud is maintained, from hyperscale data centers to phones, TVs and PCs. Some companies – think Microsoft ( MSFT) and its Office productivity suite – use cloud-based business models for older applications. Then it eventually became the platforms on which companies built applications and software used directly by workers.īut increasingly, applications are written for the cloud, that live entirely in the cloud, and/or even serve the cloud. More than a decade ago, the "cloud" mostly was just basic infrastructure. Cloud computing – and thus investing in cloud stocks – is becoming more sophisticated by the year.
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