Published on 11 Apr 2023 on Insider Monkey via Yahoo Finance
10 Cloud Computing Stocks Under $5
In this piece, we will take a look at the ten cloud computing stocks under $5. For more stocks, head on over to 5 Best Cloud Computing Stocks Under $5.
Cloud computing is one of the most transformative technologies of the modern age. The Internet and its widespread use have transformed business operations and our daily lives, enabling us to achieve much more from the comfort of our homes. Whether it's work or play, the computer is essential to daily human living and the same is true for businesses as well.
Simply put, a cloud is a network of global servers that are linked together to function as a single entity and allow users to conduct a variety of tasks such as watching videos, using email, or utilizing different software. This definition does not come from us. Instead, it comes from Microsoft Corporation (NASDAQ:MSFT) one of the world's biggest technology companies, whose Azure cloud computing platform is a market leader and utilized by companies far and wide. Microsoft adds that there are primarily three different kinds of clouds, namely the public, private, and hybrid clouds. A public cloud is where the general public can access the products (such as YouTube), a private cloud is one that is typically located on a firm's premises, and a hybrid cloud is where services are shared between the public and private clouds.