Hey 5-Star Trader,
In the world we live in today everyone is connected to technology in one way or another. Teachers have relied upon online learning throughout the pandemic, doctors use machinery to monitor their patients, and even you and I rely on technology to bring us together. But with technology ever expanding, how do you know which sector of the market you should be focusing on?
One of my favorite tech sectors is cloud computing.
Why should you care about cloud computing?
Cloud computing is a high-growth industry that is here to stay. The way we use this technology has shifted at an exponential rate, especially in recent years. And cloud computing is arguably the fastest growing tech sector which shows up in a variety of ways, including changing the way companies do business.
Take Microsoft (MSFT) for example. They once sold physical disks of their products and allowed customers to own their Office products with a one-time purchase. If a new version of Word was released, people could choose to upgrade, but that didn’t mean their old software would stop working.
This is no longer the case. Microsoft has since changed its business model to be subscription-based thanks to cloud computing capabilities. Instead of buying a product once and using it for five years or more, customers continually pay a price to remain a subscriber to have access to the product. As a result, this leads to continual customers and increasing revenues.
The cloud computing sector of the market will continue to rapidly grow as technology improves. It is absolutely vital you familiarize yourself with this area of the market. That’s why yesterday I held a free webinar outlining all my cloud computing stock picks. For my complete list, catch the replay HERE.