The U.S. cloud computing market is expected to experience significant growth, expanding from $221.69 billion in 2024 to $871.61 billion by 2033, driven by a compound annual growth rate (CAGR) of 16.43%. This expansion is fueled by digital transformations across various industries such as manufacturing, finance, and healthcare, alongside growing demands for SaaS and secure cloud solutions. While challenges like data security and compliance persist, these are being addressed through government cloud policies and flexible multi-cloud strategies. This underscores cloud computing as a critical component for U.S. businesses, aiding in the adoption of AI, machine learning, and big data analytics.
In other trading, Sandisk was trading firmly up 11.9% and closing at $267.95, close to the 52-week high. In the meantime, monday.com trailed, down 12.3% to finish the session at $166.21. This week, monday.com reported third-quarter earnings with a net income turnaround and provided fourth-quarter revenue guidance indicating 22% to 23% growth.
monday.com’s expansion in AI and automation rapidly enhances customer retention and upselling. Click here to explore the dynamic growth narrative of monday.com.
Quickly revisit our ‘Market Insights’ article on record-breaking AI-driven stock investments, highlighting risks and opportunities in Cloud AI.
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Alphabet settled at $290.10 up 4%, not far from its 52-week high.
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Microsoft closed at $506.00 up 1.8%. The company recently collaborated with INBRAIN Neuroelectronics to advance precision neurology using AI, in an initiative announced just 1 day ago.
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Apple closed at $269.43 up 0.4%, near its 52-week high.
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