In today’s Cloud Wars Minute, I share details of my latest Cloud and AI Confidence Index.
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Highlights
00:23 — The Cloud Wars Top 10 companies are giving businesses the ability to not only imagine their new future, but to create that new future and to thrive in the new world of digital AI-powered digital business. The “confidence index” is a measure of the combined market caps of these 10 companies, serving as a proxy for the demand those businesses are seeing from customers.
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00:17 — The index hit an all-time high of $7.79 trillion — up $600 billion and about 8% from 12 weeks ago, the last time it was compiled. The confidence the marketplace has in their abilities to grow and deliver solutions for the future is astonishing.
02:31 — These are the key growth figures:
- Microsoft has hit a $3 trillion market cap, up 7.1% over the last 12 weeks.
- Google, up 1.7% to $1.75 trillion
- Amazon had a huge jump; its market cap is now $1.76 trillion, up 14.3%
- Oracle was the only company that saw its market cap decline (down 3.7% to just over $300 billion) over that period. Its fiscal Q3 numbers will be released in early March and I expect them to be back on track after that.
- SAP was up to $206.9 billion, that’s 13.6%, to an all time high
- The last six also show an enormous increase across the board: ServiceNow up 13.8%; Workday up 28.2%; Salesforce up 27.9% to a market cap of $280.4 billion; IBM up 20.4% to $171.3 billion. The growth winner, Snowflake, has a $75.7 billion market cap and 34.2% growth.
04:51 — These companies are enabling businesses in every industry across the world to become more digital, more focused on customers, more oriented toward growth, and to move as fast as the world around them.
