The COVID-19 pandemic has accelerated the move to the cloud for businesses large and small. After all, the public cloud offers more flexibility, access to the latest processors and technologies and many other advantages.

However, recent inflation fears have caused many leading cloud stocks to decline significantly. That’s because cloud stocks grow rapidly and have high valuations relative to today’s earnings, making them vulnerable to higher interest rates.

However, a large market-wide retreat often means the opportunity to invest in top companies with leading positions and promising future opportunities. So the November swoon drove these three cloud leaders to make big purchases as they headed into 2022.

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Amazon

Believe it or not, the stock of Amazon (NASDAQ: AMZN) has basically done nothing in the past year and a half. But could that long base lead to an explosive surge in 2022?

Investors are this year because of the difficult …



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