Cloud Stocks: Amazon’s Response to Worsening Economic Conditions

Earlier last week, Amazon (NASDAQ: AMZN) reported its quarterly results that failed to impress the market. Its dismal outlook clearly indicates that the company is bracing itself for tough economic conditions.

Featured Videos

Apple’s Ecosystem Resilient to Economic Conditions

Earlier last week, Apple (Nasdaq: AAPL) announced its fourth quarter results. When most tech giants have expressed concerns and reported dismal quarterly results, Apple continues to outpace market expectations – suggesting that its product and services ecosystem is more durable even in the given economic conditions.

Facebook Crashes and Tumbles

Earlier last week, Facebook (Nasdaq: META) announced its third quarter results that continued to disappoint the market. Facebook’s plans to continue to invest heavily in the development of its Metaverse are not being appreciated by the investors. The stock is trading at 52-week low levels.

Cloud Stocks: Google Runs Simplicity Sprint to Address Economic Uncertainty

Big tech is struggling to maintain the optimism in the market as is evident in the recent quarterly results. Alphabet, Google’s (Nasdaq: GOOG) parent, recently reported its third quarter results that failed to impress the market and sent the stock tumbling.

Cloud Stocks: Analysis of ServiceNow’s Era Software Acquisition

According to a recent report, the global IT Service Management applications market grew 21.9% to nearly $7.7 billion in 2021. ServiceNow remained the market leader with a 40.1% market share. The researcher estimates the market to grow 3% annually to $9 billion by 2026. ServiceNow (NYSE:NOW) recently reported its strong quarterly performance.

Cloud Stocks: Analysis of Microsoft’s EduBrite Acquisition

The macroeconomic uncertainty is hurting big tech. Microsoft (Nasdaq: MSFT) recently announced its quarterly results that delivered the slowest revenue growth in the last five years. It failed to meet market expectations for the quarter driven by lower consumer and business spending.

Cloud Stocks: Squarespace Focuses on Commerce Tools for Businesses

The global website builders market is expected to grow at 7% CAGR to reach $3.5 billion by 2032 from $1.8 billion in 2022. New York-based Squarespace (NYSE: SQSP) is helping small businesses leverage their web potential through improvements in commerce-focused tools.

Cloud Stocks: Confluent Targets Growth Through Partner Network

The global application infrastructure middleware market is expected to grow at 10% CAGR from $47.5 billion in 2021 to reach $83.1 billion by 2027. Confluent is a leading data streaming platform provider in the industry. It recently reports its quarterly results that surpassed market expectations.

Cloud Stocks: Analysis of IBM’s Recent Dialexa and Databand.ai Acquisitions

Earlier last week, IBM (NYSE: IBM) announced its third quarter results that outpaced market expectations. Under the leadership of Arvind Krishna, IBM has been focused on growing through acquisitions. It continued that mandate this quarter with two additional acquisitions.

AppLovin Struggles, But Focuses on NFTs for Growth

The global mobile application market is estimated to grow at 13% CAGR through 2030 from $187.58 billion in 2021. Despite the strong projections, AppLovin (Nasdaq:APP) is not very optimistic about the future. Its recent second quarter results failed to meet market expectations. The macro economic uncertainty caused it to drop its outlook as well. But the company is banking on the emerging trend of NFTs to drive growth.