The Direxion Daily Cloud Computing Bull 2x (NYSEARCA: CLDL), an exchange-traded fund (ETF) offering 2x leveraged daily exposure to companies in the cloud computing sector, has recently experienced notable declines. On a recent Tuesday, CLDL's share price dipped by 0.7% to trade as low as $9.26,
SK Telecom and Lambda have announced a strategic partnership aimed at advancing the AI cloud business landscape in South Korea. This collaboration is set to make major strides by establishing a robust NVIDIA GPU cluster within SK Broadband’s Gasan data center by the end of the year. The deployment
Alibaba Group Holding has showcased a distinct shift in its strategic direction, leaning heavily into artificial intelligence (AI) and cloud computing while its traditional e-commerce sectors face headwinds. The company's cloud computing division has emerged as a critical growth driver, underpinned
In a groundbreaking move to penetrate Thailand's rapidly expanding cloud computing market, SiS, a leading IT products distributor in Thailand, has forged a strategic partnership with ZStack, a prominent global cloud computing technology provider. This collaboration marks a significant step in
South Korea is placing large bets on the future of technology through strategic investments in quantum computing, artificial intelligence (AI), and cloud infrastructure. These emerging technologies are rapidly transforming the technological landscape, and the country is determined to be at the
Amazon Web Services (AWS) recently made a significant change to its cloud offerings by halting new customer sign-ups for several of its services. This decision, announced in late July 2024, raises questions about the reasoning behind the move and the future direction of AWS's service portfolio.
