Author: Shankar Iyer

Shankar has over a decade of experience in investment banking and financial services. He has previously worked with Lehman Brothers, Deutsche Bank AG, and Standard Chartered Bank. He has also cleared the CFA Level I and CA Inter exams, and he has a strong background in financial statement analysis and market research.

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

According to Gartner’s research published in April 2019, the estimated share of the cloud business segment could cross $300 billion by 2022.

Last week, Amazon stock fell -2.16%. On a year-to-date basis, the stock has grown 15.5% in value with a market cap of $862 billion at the end of the week.

Microsoft recently secured a $10 billion Pentagon contract. It beat out cloud computing leader Amazon, which is contesting the results.

Alibaba stock has seen turbulence throughout the year, as the US and China have often been at odds. It fell around 2.4% on November 13.

Alphabet stock closed 0.08% lower yesterday after news of privacy concerns about Google's healthcare initiative, Project Nightingale.

After its Q3 2019 earnings release on October 23, PayPal (PYPL) stock has climbed 6.23% through November 11. The stock opened at $102.97 on November 12.

Square closed at $63.79, 2% higher than the previous day's close, on November 11. It nearly touched $100 in September 2018 but has corrected since then.

Last week was slightly downbeat for Amazon (AMZN), which fell 1%. The stock was at its weekly high of $1,815 on November 4 and its weekly low on November 8.

Did you know that Amazon (AMZN) is the second publicly traded company in the US to cross the $1 trillion market cap? It did so in August 2018.

Currently, AWS is the market leader in the cloud computing sector. Microsoft Azure holds second place, and Google Cloud comes in third.