Trending Assets
Top investors this month
Trending Assets
Top investors this month
Long HashiCorp $HCP if you're bullish on the multi-cloud trend
HashiCorp is a software company that helps companies use different cloud computing platforms (like AWS and Azure all at once).

Why would a firm want to be on multiple cloud computing platforms?

It's because it reduces the operational risks that come with encountering sever outages from a platform and it helps firms negotiate more on cloud computing pricing.

Rather than having an AWS outage cripple your operations, having a multi-cloud operation will allow a firm to keep operating by relying more on their other cloud service provider in the event that one of your cloud service providers has an outage.

$SNOW is a notable multi-cloud company where users can access their company's data across Azure, AWS, and GCP all at once.

As the multi-cloud gains more adoption, it's possible that the smaller cloud computing players like $ORCL and $IBM could see themselves gaining a bigger piece of the cloud computing spending pie. Meanwhile, $AMZN $MSFT, and $GOOGL will see their pricing power decline as they'll have to face more competition as they start losing power and influence over their clients.

In sum, check out Hashicorp!

Related
Already have an account?