Welcome to the Cloud Wars Minute — your daily cloud news and commentary show. Each episode provides insights and perspectives around the “reimagination machine” that is the cloud.
In this Cloud Wars Minute episode, I review how the combined market cap of the Cloud Wars Top 10 companies has exceeded $10 trillion.
Highlights
00:42 — This market cap growth seems to relate to the fact that business executives across every industry — and all over the world — are fully convinced now that cloud and AI will be the keys to their future competitiveness and future ability to grow, innovate, and thrive.
01:10 — I’ll provide more details and a full analysis in an article available later this morning on Cloud Wars. Compared to 12 months ago, the Top 10’s market caps are as follows:
- Microsoft: $3.71 trillion
- Alphabet (parent company of Google Cloud): $2.19 trillion
- Oracle: $667 billion
- Amazon (parent company of AWS): $2.37 billion
- SAP: nearly $370 billion
- ServiceNow: $216 billion
- Workday: $64.6 billion
- Salesforce $260.2 billion
- IBM: $271.4 billion
- Snowflake: $73.9 billion
- Cumulative market cap total: $10.19 trillion
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02:55 — The market cap serves as a proxy for the confidence that business leaders and others have in the ability of these companies to continue to grow into the future. I think we’ll see some ups and downs, as any market does.
03:33 — What’s being reflected here is that the confidence business leaders have in these 10 companies to be core, vital elements of their technology and business capabilities over the next several years.
