Cloud Stocks Diverge in Face of Lower Business Spending. Salesforce Comes Off Worst.

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https://www.barrons.com/articles/oracle-stock-snowflake-salesforce-gloom-51669889713

Cloud Stocks Diverge in Face of Lower Business Spending. Salesforce Comes Off Worst.

Cloud stocks, which have tended to have high valuations, are struggling as companies that spent heavily on technology during the Covid-19 pandemic are now cutting back. 

Cloud Stocks Diverge in Face of Lower Business Spending. Salesforce Comes Off Worst.

Cloud-computing stocks went in opposite directions on Thursday after Salesforce and Snowflake gave disappointing updates, underlining an anticipated slowdown in technology spending by corporate clients.