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In this Cloud Wars Minute, I discuss the impact that Sam Altman’s move to Microsoft had on the Cloud Confidence Index.
Highlights
00:49 —Over the past year, I’ve developed something called the Cloud Confidence Index to measure the ongoing demand and anticipation for cloud technology. It has hit an all-time high of about $7.2 trillion.
01:28 — That’s thanks to Sam Altman, who was the OpenAI CEO, then he was the head of Microsoft advanced AI research for about 24 hours, then he went back to OpenAI to be the CEO. In the 24-hour period, when Altman left OpenAI and went to Microsoft, Microsoft’s market cap went up $50 billion in a single day.
02:26 — The fact that Altman goes to Microsoft, and its market cap goes up by $50 billion shows a lot of people are paying attention to this. All of the Cloud Wars Top 10 companies saw significant increases in their market caps. And, cumulatively, that pushed the Cloud Wars Confidence Index, up to a record of almost $7.2 trillion.
03:30 — Microsoft tops it with their market cap now $2.81 trillion; Google takes the number two spot with $1.72 trillion; Amazon is at $1.54 trillion; Oracle is at $318.3 billion; SAP is approaching an all-time high of $182.2 billion.
04:20 — ServiceNow is doing incredibly well with almost $138 billion; Workday gets close to its high with $62.1 billion; Salesforce is at $2.19 billion; IBM with $142.3 billion; Snowflake is up $56.4 billion. Add those 10 up, you get almost $7.2 trillion.
04:48 — I call this the Cloud Confidence Index because, in the tech industry, market caps are a reflection of the potential that investors see for growth in those companies. And, clearly, they’re looking at these companies and saying, “Wow . . . there’s going to continue to be demand for the products of these 10 world-changing companies.”
