One of the biggest beneficiaries of the COVID-19 pandemic has been the cloud computing industry. All sorts of companies in every category—not to mention individual users– have been increasingly adopting cloud services for storing sensitive data. It’s a trend that can only get bigger.
Cloud storage has been a growing industry for some time, but the coronavirus really accelerated the trend in 2020 and 2021. As people work from home and do more of their shopping online, the demand for cloud services continues to grow. Individual stocks and ETFs that focus on companies providing cloud services did especially well in 2020. Their returns have varied, but double-digit and even tri pre-digit returns were seen last year. With cloud demand expected to remain strong, solid growth is already happening in 2021. Cloud computing saves big corporations and small businesses both money and time. Even in a recession, Cloud Computing is service that grows in demand. Today, we’ll examine the Cloud Computing industry and the investments that might pay off in 2021 and beyond…. MASTERING MONEY is on the air!!!!