While the pandemic meant a setback for a number of sectors, digitalization grew apace — increasing the need for software and cloud services. In turn, the demand for cloud computing industry should grow further as more businesses adapt to work-from-home. And thus, software and cloud stocks should be hot options for investors.
Overall, shares of many software and cloud companies have seen significant returns in the past year. For instance, so far in 2021, the Dow Jones US Software Index is up 27% and hit an all-time high in recent days. And the ISE Cloud Computing Index has returned....More>>>