The gods of the tech Olympia commenced serious planning to battle for market share in cloud computing. Amazon.com, Inc. (NASDAQ:AMZN)’s Amazon Web Services is the leading company with a coverage five times larger than the cumulative values for the next fourteen on the list. Its rivals give start-ups free cloud credits to drive down prices and possible compete with the titan, said The Economic Times.
Google Inc (NASDAQ:GOOGL) pays $100,000 for companies in the Nasscom 10,000 start-ups or the ones funded by a predefined list of venture capital firms that don’t have revenues exceeding the $0.5 million cap. Microsoft Corporation (NASDAQ:MSFT) gives away $60,000, on its Azure platform, to new tech companies with revenues less than $1 million. International Business Machines Corp. (NYSE:IBM) is also among the generous ones, but only to the start-ups that fall into their business plan.
Amazon.com, Inc. (NASDAQ:AMZN)’s scale and global coverage allow the company to bring down prices aggressively, one of the best paths to success in the Indian market. It’s amazing how tech giants like Google Inc (NASDAQ:GOOGL) and Microsoft Corporation (NASDAQ:MSFT), which’s core products are closer to cloud computing than the e-commerce’s developments are, did not sense potential in India’s tech future. Now, all that’s left for them is to play catch up and hope that soon enough what went up is going to fall.
The general positivism with the update can be sensed through the fact that tech giants give about 5% of the start-ups’ value for the latter to survive and potentially compete with Amazon.com, Inc. (NASDAQ:AMZN), which is somehow affected by the big event of Friday. The company may find some comfort with its tech branch while it has the opportunity as other parts of the business already suffer from chronic pressure. Probably, Amazon.com, Inc. (NASDAQ:AMZN) can fortify its position and pursue other markets. It’s unclear if this will be enough to raise the stock price, which currently fluctuates around $326.
Free Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.