Amazon, Google, Nvidia seen among those with ‘meaningful’ cloud opportunities, semis


While the recently concluded Mobile World Congress showcases products from technology companies from all walks of life, investment firm Wedbush Securities noted that there is still a “significant opportunity” for companies related to cloud computing industries. and semiconductors, even if they worry about a slowdown exist.

Analyst Dan Ives noted that Amazon (NASDAQ: AMZN), Microsoft (MSFT) and Google (NASDAQ:GOOG) (GOOGL) should see increased spending by telecom companies, as T-Mobile (TMUS), AT&T (T), Verizon (VZ) and DISH Network (DISH) have all signed deals with the aforementioned trio in recent years to more efficient networks, lower latency and faster speeds as the world continues to roll out 5G mobile technology.

Ives noted that Amazon’s web services unit (AMZN) partnered with the three major telecom carriers and signed an agreement with Dish (DISH) last year as it expands its nationwide 5G network.

AT&T(T) partnered with Microsoft (MSFT) Azure in 2019 for a deal worth approximately $2 billion that also saw Microsoft (MSFT) acquire the cloud networking platform technology from AT&T (T).

Google (GOOG) (GOOGL) has also signed agreements with the telecommunications industry, as has IBM (IBM), but this should benefit the whole industry, especially those at the top, thanks to the opportunities of edge computing, which brings data processing power closer to devices.

“As the 5G push continues across the country, there is clearly a multi-billion dollar opportunity for cloud providers to win,” Ives added.

Ives also noted that the semiconductor industry had a strong presence at the event and Intel (INTC), Qualcomm (NASDAQ: QCOM) and Nvidia (NASDAQ: NVDA) have positioned themselves as capitalizing on the move to 5G.

Citing data from the GSMA network, there are expected to be more than 1 billion 5G connections by the end of the year and 2 billion by 2025, which Ives says adds a Added credence to the fact that there will be “significant opportunities” for enterprise, cloud and semiconductor companies.

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