Should You Invest in the Global X Cloud Computing ETF (CLOU)?
Overview of Global X Cloud Computing ETF (CLOU): Launched in April 2019, CLOU is a passively managed ETF that provides exposure to the Technology - Cloud Computing sector, with assets over $342 million and an expense ratio of 0.68%. It aims to track the INDXX GLOBAL CLOUD COMPUTING INDEX and has a Zacks ETF Rank of 1 (Strong Buy).
Performance and Holdings: CLOU has experienced a loss of approximately -11.74% but is up about 2.41% year-to-date as of September 2024. The top holdings include Wix.com Ltd (5.84%), Digital Realty Trust Inc, and Sps Commerce Inc, with the top 10 holdings making up around 44.60% of total assets.
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Analyst Views on SKYY
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TikTok's US Agreement Highlights Oracle — Current Status of ETFs
TikTok's New U.S. Joint Venture: TikTok has signed agreements to create a U.S.-based joint venture with investors like Oracle and Silver Lake, reducing ByteDance's control and addressing U.S. data security concerns.
Oracle's Role in TikTok: Oracle will hold a 15% stake in the new TikTok entity, reinforcing its position in data hosting and cloud infrastructure, which is beneficial for technology ETFs that include Oracle.
Shift in Investment Focus: The TikTok deal reflects a broader trend among ETF investors moving towards essential tech infrastructure rather than consumer-facing companies, emphasizing themes like data sovereignty and cloud security.
Regulatory Risks Persist: Despite the restructuring, regulatory scrutiny remains a concern for ByteDance's stake in TikTok, but these issues are viewed as thematic tailwinds rather than fundamental risks for ETF investors.
ETF Movers on Tuesday: SKYY and SIL
ETF Performance: The Global X Silver Miners ETF is down approximately 3.5% in Tuesday afternoon trading.
Weakest Components: Notable underperformers within the ETF include Hycroft Mining Holding, which fell by about 7.8%, and Endeavour Silver, which decreased by about 6.6%.
SKYY Overrun by Sellers
- RSI Comparison: First Trust Cloud Computing's RSI is at 28.4, significantly lower than the S&P 500's 37.0, indicating potential overselling.
- Investment Opportunity: A bullish investor may view the low RSI as a sign that selling pressure is waning, suggesting a possible entry point for buying.
- 52-Week Performance: SKYY's share price has a 52-week range of $85.38 to $143.74, with the last trade recorded at $123.65, reflecting a 2.5% decline for the day.
- Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Snowflake and SAP Unite to Eliminate Enterprise Data Silos in Significant AI Integration Effort
Collaboration Announcement: Snowflake Inc. and SAP SE have partnered to integrate Snowflake's AI Data Cloud with SAP's Business Data Cloud, enhancing access to real-time data for AI applications and improving operational efficiency.
Integration Benefits: The collaboration allows for zero-copy data sharing, enabling businesses to analyze critical information without duplication, while also supporting large-scale analysis and maintaining governance.
Early Adoption: AstraZeneca is among the first to utilize this technology, leveraging it to accelerate medical research through real-time insights.
Future Developments: The SAP Snowflake integration is expected to be generally available in Q1 2026, with additional features and tools being introduced by both companies to enhance their AI capabilities.
SKYY, PSTG, NTNX, MDB: Large Outflows Detected at ETF
52 Week Range and Current Price: SKYY's share price has a 52-week low of $85.38 and a high of $131.54, with the last trade recorded at $120.69, which is useful for technical analysis alongside the 200-day moving average.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks but involve trading units that can be created or destroyed based on investor demand, impacting the underlying holdings significantly during notable inflows or outflows.
Wednesday's ETF Movers: SKYY, PSI
ETF Performance: The Invesco Semiconductors ETF is down approximately 1.6% in Wednesday afternoon trading, with ACM Research and Camtek showing significant declines of 18.4% and 7.6%, respectively.
Author's Opinion Disclaimer: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
TikTok's US Agreement Highlights Oracle — Current Status of ETFs
TikTok's New U.S. Joint Venture: TikTok has signed agreements to create a U.S.-based joint venture with investors like Oracle and Silver Lake, reducing ByteDance's control and addressing U.S. data security concerns.
Oracle's Role in TikTok: Oracle will hold a 15% stake in the new TikTok entity, reinforcing its position in data hosting and cloud infrastructure, which is beneficial for technology ETFs that include Oracle.
Shift in Investment Focus: The TikTok deal reflects a broader trend among ETF investors moving towards essential tech infrastructure rather than consumer-facing companies, emphasizing themes like data sovereignty and cloud security.
Regulatory Risks Persist: Despite the restructuring, regulatory scrutiny remains a concern for ByteDance's stake in TikTok, but these issues are viewed as thematic tailwinds rather than fundamental risks for ETF investors.
ETF Movers on Tuesday: SKYY and SIL
ETF Performance: The Global X Silver Miners ETF is down approximately 3.5% in Tuesday afternoon trading.
Weakest Components: Notable underperformers within the ETF include Hycroft Mining Holding, which fell by about 7.8%, and Endeavour Silver, which decreased by about 6.6%.
SKYY Overrun by Sellers
- RSI Comparison: First Trust Cloud Computing's RSI is at 28.4, significantly lower than the S&P 500's 37.0, indicating potential overselling.
- Investment Opportunity: A bullish investor may view the low RSI as a sign that selling pressure is waning, suggesting a possible entry point for buying.
- 52-Week Performance: SKYY's share price has a 52-week range of $85.38 to $143.74, with the last trade recorded at $123.65, reflecting a 2.5% decline for the day.
- Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Snowflake and SAP Unite to Eliminate Enterprise Data Silos in Significant AI Integration Effort
Collaboration Announcement: Snowflake Inc. and SAP SE have partnered to integrate Snowflake's AI Data Cloud with SAP's Business Data Cloud, enhancing access to real-time data for AI applications and improving operational efficiency.
Integration Benefits: The collaboration allows for zero-copy data sharing, enabling businesses to analyze critical information without duplication, while also supporting large-scale analysis and maintaining governance.
Early Adoption: AstraZeneca is among the first to utilize this technology, leveraging it to accelerate medical research through real-time insights.
Future Developments: The SAP Snowflake integration is expected to be generally available in Q1 2026, with additional features and tools being introduced by both companies to enhance their AI capabilities.
SKYY, PSTG, NTNX, MDB: Large Outflows Detected at ETF
52 Week Range and Current Price: SKYY's share price has a 52-week low of $85.38 and a high of $131.54, with the last trade recorded at $120.69, which is useful for technical analysis alongside the 200-day moving average.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks but involve trading units that can be created or destroyed based on investor demand, impacting the underlying holdings significantly during notable inflows or outflows.
Wednesday's ETF Movers: SKYY, PSI
ETF Performance: The Invesco Semiconductors ETF is down approximately 1.6% in Wednesday afternoon trading, with ACM Research and Camtek showing significant declines of 18.4% and 7.6%, respectively.
Author's Opinion Disclaimer: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
