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Why is cloud spending growing so much this year?

Fundamentally, the momentum never stopped: Spending on public cloud services is expected to rise 22% this year to $597.3 billion, say analysts at Gartner Inc. The simple reason: Every big tech trend you read about now, from artificial intelligence to the metaverse, runs on the cloud, Gartner says.

Are big tech trends a tailwind for cloud stocks now?

Big tech trends like artificial intelligence and the metaverse are tailwinds for cloud stocks now.

Does Oracle get a third of its revenue from cloud services?

Today, Oracle estimates that it gets a third of revenues from cloud products and services, but sales in that segment rose 48% in its most recent quarter. "Our cloud offerings drive operational efficiency," says CEO Safra Catz, who said that the company has the widest profit margins in software.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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