Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6489
    +0.0001 (+0.01%)
     

  • OIL

    82.82
    -0.54 (-0.65%)
     

  • GOLD

    2,336.30
    -5.80 (-0.25%)
     

  • Bitcoin AUD

    99,613.25
    -3,219.26 (-3.13%)
     

  • CMC Crypto 200

    1,398.99
    -25.11 (-1.77%)
     

  • AUD/EUR

    0.6069
    +0.0012 (+0.20%)
     

  • AUD/NZD

    1.0950
    +0.0019 (+0.18%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,459.03
    -12.45 (-0.07%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,373.84
    -129.85 (-0.34%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

Forget IBM, Amazon Is a Better Cloud Computing Stock

Leo Sun, The Motley Fool
·5-min read
Forget IBM, Amazon Is a Better Cloud Computing Stock

Over the past decade, IBM (NYSE: IBM) has attempted to reinvent itself as a cloud services company through big investments and acquisitions. IBM plans to spin off its managed IT services unit into another company later this year, then focus on expanding the "new" IBM's hybrid cloud and artificial intelligence (AI) services to generate sustainable revenue growth again. Amazon established Amazon Web Services (AWS) nearly two decades ago to provide internet-based computing services.

Continue reading