How Can Cloud Technology Serve as a Safe Haven During Economic Turmoil?

The recent banking crisis has led investors to question the impact on the cloud economy and tech stocks. However, the market suggests that the cloud is a port in the storm, with technology stocks doing well so far this year. This could be due to tech spending holding up relatively well, strong balance sheets, and profits. Additionally, the US Federal Reserve’s decision to pause interest rate hikes could benefit the cloud economy, where investors look to invest when interest rates are stable or falling. This stabilization or decline in interest rates could lead to increased investment in new AI infrastructure initiatives, making cloud infrastructure an essential fabric of the technology future.