DOWN “Only” 3%?

Yes, “only” 3% because ALL the other MunAiMarkets AI-related portfolios were down much more than that. Below are how our other tech portfolios performed w/e Sept. 6th, in descending order, with links to my articles this week on each portfolio:

1. AI Mega-Cap Stocks Portfolio: DOWN 4.96% (Source)
2. AI-focused Drug Discovery Stocks Portfolio: DOWN 7.7% (Source)
3. CyberSecurity Software SaaS Stocks Portfolio: DOWN 9.6% (Source)
4. Quantum Computing Stocks Portfolio: DOWN 9.8% (Source)
5. Small Cap AI Stocks Portfolio: DOWN 10.0% (Source)
6. AI Computer Chips-related Sector Portfolio: DOWN 12.2% (Source)
   • Semiconductor Foundries Portfolio: DOWN 9.4%
   • Integrated Device Manufacturers Portfolio: DOWN 9.5%
   • Custom-Design Software Stocks Portfolio: DOWN 9.8%
   • Assembly/Test/Packaging Stocks Portfolio: DOWN 12.7%
   • Fabless Semiconductor Stocks Portfolio: DOWN 13.1%
   • Equipment & Material Suppliers Portfolio: DOWN 13.5%

What is Cloud Computing?

Cloud computing (CC) is the technique of processing, storing, and managing data on a network of remote computers hosted on the internet by cloud service providers rather than on a personal computer or local server using only as much compute power and storage as needed to meet demand. This theoretically allows for cheaper and faster computing because it eliminates the need to purchase, install, and maintain servers.

Please note: To avoid duplication and wasting the time of readers familiar with cloud computing, a full description of the category, as presented in my previous article on the subject, is presented here.

The Pure-Play Cloud Computing SaaS Stocks Portfolio

Below is a list of the 8 pure-play CC companies with market capitalizations of $20B or more presented in descending order of their performances w/e Sept. 6th, and in the month of August, and their market capitalizations:

1. HubSpot (HUBS):
   • DOWN 0.5% w/e Sept. 6th;
   • DOWN 0.8% w/e August 30th;
   • UP 0.4% in August
   • Market Capitalization: $25B
2. Atlassian (TEAM):
   • DOWN 2.6% w/e Sept. 6th;
   • UP 3.5% w/e August 30th;
   • DOWN 6.2% in August
   • Market Capitalization: $42B
3. MongoDB (MDB):
   • DOWN 3.1% w/e Sept. 6th;
   • UP 17.4% w/e August 30th;
   • UP 15.2% in August
   • Market Capitalization: $21B
4. Workday (WDAY):
   • DOWN 3.3% w/e Sept. 6th;
   • UP 1.2% w/e August 30th;
   • UP 15.9% in August
   • Market Capitalization: $67B
5. ServiceNow (NOW):
   • DOWN 3.5% w/e Sept. 6th;
   • UP 3.2% w/e August 30th;
   • UP 5.0% in August
   • Market Capitalization: $176B
6. Snowflake (SNOW):
   • DOWN 5.0% w/e Sept. 6th;
   • DOWN 1.4% w/e August 30th;
   • DOWN 12.4% in August
   • Market Capitalization: $37B
7. Cloudflare (NET):
   • DOWN 7.4% w/e Sept. 6th;
   • DOWN 0.3% w/e August 30th;
   • UP 6.0% in August
   • Market Capitalization: $26B
8. Datadog (DDOG):
   • DOWN 7.9% w/e Sept. 6th;
   • DOWN 0.8% w/e August 30th;
   • DOWN 0.2% in August
   • Market Capitalization: $36B

Summary

The above 8 CC stocks went:

• DOWN 3.1%, on average, w/e Sept. 6th;
• UP 3.1%, on average, w/e August 30th,
• UP 4.1% in August, but remain
• DOWN 11.6% YTD

and have an average market capitalization of $54B.

Conclusion

According to Fortune Business Insights, the global cloud computing (CC) SaaS market is projected to have a CAGR of 18.4% between now and 2032 and that bodes well for CC companies.

Thank you for reading the above article. I will update it weekly. Now, as a reward, here is a link to Money, Money, Money—It’s a Rich Man’s World!