Cloud ETFs are close to record highs, propelled by a rally in the sector.
U.S. investors remain bullish, despite rumblings out of China and the spike in delta variant infections.
Here’s a comparison of total returns through Aug. 4, along with those for the SPDR S&P 500 ETF SPY and the Invesco QQQ Trust QQQ for comparison: Cloud-stock screen Together, the five cloud ETFs listed above hold 147 stocks. To project sales growth through 2023, we used calendar 2020 sales estimates as a baseline and then looked at consensus estimates among analysts polled by FactSet for the subsequent three years, if available.
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