Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
In this Cloud Wars Minute, Bob reviews the Cloud Confidence Index for the last three months.
Highlights
00:30 — Over the past three months, the Cloud Confidence Index — the combined market caps of the Cloud Wars Top 10 companies — has soared.
01:23 — The most recent Cloud Confidence Index is:
| Company | Market Cap % +/- | Market Cap (June 19) |
| #1 Microsoft | +24.6% | $2.58 trillion |
| #2 Google Cloud | +16.3% | $1.57 trillion |
| #3 AWS | +29.5% | $1.29 trillion |
| #4 Oracle | +42.4% | $339 billion |
| #5 SAP | +13.3% | $162 billion |
| #6 ServiceNow | +32.2% | $115 billion |
| #7 Workday | +18.4% | $58 billion |
| #8 Salesforce | +10.2% | $206 billion |
| #9 IBM | +11.6% | $125 billion |
| #10 Snowflake | +36.4% | $60 billion |
03:16 — Together, the total of the Cloud Wars Top 10 market caps amount to $6.51 trillion, up 23.3% relative to the results three months ago.
04:07 — These numbers reflect a high level of confidence that the customers have in the cloud and of these companies specifically, despite slowdowns in buying processes, economic uncertainty, and tighter customer budgets.
04:44 — Since starting the Cloud Confidence Index, this is the first time that all Cloud Wars Top 10 companies have made gains in their market caps, explains Bob. “Generative AI has kicked in and given a huge amount of additional fuel on all of this,” he adds.
