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.
In a new report, Oppenheimer analyst Timothy Horan explained why he expects cloud adoption to accelerate in a major way in 2016. According to Horan, the cloud is now entering the steepest part of its "s-curve" adoption cycle, and Oppenheimer anticipates a 20 percent boost in cloud capex in 2016 as well as a 35 percent boost in cloud infrastructure investments this year.
“This trend bodes well for our entire coverage, from the wireless carriers given increases in mobile data usage to (and especially) our datacenter and networking companies, let alone the major cloud providers,” Horan explained.
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Cloud spending by the top providers has grown from $18 billion in 2011 to more than $45 billion in 2015. However, capex growth took a breather last year, dropping from above 25 percent to the high single digits. By 2017, Oppenheimer predicts that top cloud companies will spend $61 billion in capex, nearly as much as the $67 billion in annual U.S. wireless/wireline capex.
Oppenheimer has Outperform ratings on the following cloud plays:
- Apple Inc. (NASDAQ: AAPL)
- Amazon.com, Inc. (NASDAQ: AMZN)
- Cogent Communications Holdings Inc (NASDAQ: CCOI)
- Equinix Inc (NASDAQ: EQIX)
- Facebook Inc (NASDAQ: FB)
- Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)
- GTT Communications Inc (NYSE: GTT)
- InterXion Holding NV (NYSE: INXN)
- Microsoft Corporation (NASDAQ: MSFT)
- Zayo Group Holdings Inc (NYSE: ZAYO)
Disclosure: The author holds no position in the stocks mentioned.
Image Credit: Public DomainCrypto 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.