The Coronavirus pandemic is making people rely increasingly on the Internet to work, learn, shop, and entertain themselves as they spend more time at home. This is, in turn, boosting demand for public cloud infrastructure which allows application vendors and businesses to essentially rent computing infrastructure via the internet, without owning any physical servers of their own. A handful of large companies dominate this space including Microsoft, IBM, Amazon, and Oracle, and most popular applications and services ranging from Zoom, Slack, Snapchat, and Netflix rely on their infrastructure at least to a certain extent to power their services. Our indicative theme of stocks offering Cloud Infrastructure Services is up by about 7% year to date, compared to the broader market which is down by about 10%. Below, we take a look at how the companies have fared in recent years and what lies ahead.
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