Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Amazon 'Basically' Invented The Cloud
Global Equities Research analyst Trip Chowdhry focuses specifically on Amazon's cloud business, which he praised up and down. He also criticized other tech companies and their "lazy CEOs," which only offer buybacks and dividends."Basically, any person with a single-digit IQ can do that," Chowdhry told Benzinga. "Share buybacks and dividends do not change any person's life. Now let's look at AWS. Since 2006 Amazon has been investing heavily in cloud computing. Basically, Amazon invented it."Chowdhry said investors should stop and think about how many "conventional businesses" have been diminished by Amazon."What were those companies saying? Think about IBM, Oracle, HP, Salesforce.com -- they were laughing," said Chowdhry. "Just three years, four years back, all these guys [said], 'What does a bookseller know about cloud computing?' We have seen the results."Chowdhry also criticized CEOs who waste time hyping an underperforming product or service."Have you seen Amazon AWS blowing hot air at every person? No," said Chowdhry. "Amazon cloud does not have a single Cisco router. They make everything themselves. Amazon.com has their own secret sauce at every stage and in every piece of their technology."Finally, Chowdhry noted that the so-called innovators of tomorrow (such as Airbnb) are using Amazon Web Services."Today a bookseller is setting the tone of the computing industry," Chowdhry concluded. "Many of the startups are running on Amazon. No other company in the past or in the future will have that strategic asset that these guys have. There's a difference between a talker and there's a difference between a doer."Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.