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In today’s Cloud Wars Minute, I talk about market caps and how I roll those together in what I call the Cloud and AI Confidence Index.
Highlights
00:24 — Today I want to talk about the Cloud and AI Confidence Index. Now, since the last time I put together this analysis, about seven weeks ago, the Cloud and AI Confidence Index, which is the combined market caps of the Cloud Wars Top 10 companies, has gone up about five and a half percent to $9.2 trillion—the first time it’s ever topped $9 trillion.
01:16 — Microsoft saw a decrease; the market cap is down to $3.12 trillion. Google was up 8.9% in market cap over the last seven weeks to $2.2 trillion. Oracle shot up 24.1%, a gain of over $100 billion to $526 billion. Amazon, up 10.9% to $2.23 trillion. SAP slid, its market cap is at $284 billion. Number six, ServiceNow, up 11.8% to a market cap of $217 billion.
02:36 — Workday is up 12.5% to $73.6 billion. Salesforce, the big winner in percentage of its market cap increase over the past seven weeks, is up 30% to $330 billion. IBM is up 3.2% to $195 billion, and Snowflake saw an almost 20% increase in its valuation, to $44.7 billion.
Ask Cloud Wars AI Agent about this analysis
03:50 — There’s an outsized impact on the total number of $9.2 trillion from the big three companies — Microsoft, Amazon, and Google — but at the same time, all these other companies are hitting, or are at, all-time highs. Now, there are lots of things that go into market caps, right? But you cannot overlook the fact that there is optimism about the enormous potential of the cloud and AI.
04:47 — It’s a very exciting time. I think these numbers reflect that there will be, not too far off in the future, a $10 trillion valuation for the Cloud Wars Top 10.
