The cloud is defined as servers and software that are accessible through the internet instead of through a local computer. Amazon and Microsoft operate two of the largest cloud servers in the world, offering services like data storage and analytics, virtualization, and artificial intelligence. The industry is primed for major growth as companies transition from in-house servers to the cloud.
Discounted tech stocks come only once every few years, so if readers hesitate now, they may miss out.
There's no question that technology stocks have taken a drubbing this year. Among the three major U.S. indices, the technology laden Nasdaq is down the most, having fallen 29% since January and firmly entrenched in a bear market.