Cloud computing stocks are hitting an all-time high as coronavirus forces remote work, according to one measure

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Cloud computing stocks are hitting all-time highs amid work-from-home, according to one index

The BVP Nasdaq Emerging Cloud Index and the corresponding WisdomTree Cloud Computing Fund hit new highs this week.An index of cloud stocks developed by venture-capital firm Bessemer Venture Partners reached new highs this week as U.S. indexes still recover from the selloff that began in February.

The BVP Nasdaq Emerging Cloud Index, established in 2013, is up about 31% for the year, while the S&P 500 is down about 9%. The performance has to do with the strength of its constituents: Mostly mid-cap companies that have gone public in the last few years, and that provide specialized cloud services for businesses in areas like human resources, payments or communications. (Large-cap stocks with major cloud-computing operations like

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SlackHQ slackd_hq motorious uniti_stores USTreasury federalreserve etrade youralley alleynyc wendy_alleynyc AlleyWatch AngelList Crowdfire _Slackbot_ ubuntu Freescale LogitechGesport NurburgringLive RUFAutomobile abt_usa PorscheRaces

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft launches Cloud for Healthcare - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Cloud startup BetterCloud used this pitch deck to raise $75 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »