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Home » Cloud Wars Minute: Cloud Revaluation Has Prompted Market Cap Modesty
Cloud Wars Minute

Cloud Wars Minute: Cloud Revaluation Has Prompted Market Cap Modesty

Bob EvansBy Bob EvansMay 24, 2022Updated:May 24, 20221 Min Read
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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.

Highlights

1:21 – Recent revaluation has the market in flux. Legacy companies IBM and SAP fell the least by percentage, while companies like Amazon and Snowflake fell the furthest.

2:26 – The Cloud Wars top 10 companies still have a combined valuation of more than $5.1 trillion, even after the market drop.

3:02 – Despite valuation changes, there remains bullishness and promise for what these major cloud vendors provide. In Q1 earnings calls from Microsoft, ServiceNow, IBM, SAP and others, it’s evident that CEOs no longer see IT purchases as a luxury. Instead, they represent a crucial component of their core business.

4:00 – The total market cap for the Cloud Wars top 10 shows confidence and belief in the power of the cloud to help businesses in every industry become more capable, agile, and growth-oriented in the digital economy.

WATCH MORE CLOUD WARS MINUTES HERE.

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Bob Evans

Founder
Cloud Wars

Areas of Expertise
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  • Cloud
  • Digital Business
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Cloud Wars Founder Bob Evans actively analyzes the Cloud and AI categories through video reports, in-depth analyses, and interviews with the Cloud and AI market’s leaders and innovators. He’s also the creator of the Cloud Wars Top 10, a ranking and ongoing analysis of the world's most influential tech companies driving digital business and the digital economy. Bob is recognized as a world-class strategic communicator focused on emerging business strategy, disruptive innovation, and forward-looking leadership.

  Contact Bob Evans ...

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