The cloud computing industry saw a dip in late 2021 to early 2023, but stocks and ETFs recovered well. But now, the risk is too high for me. SKYY ETF invests in companies involved in cloud computing, including top players like Amazon Web Services, Microsoft Azure, and Google Cloud Platform. Cloud computing offers benefits like cost savings, scalability, and remote access, but also presents security challenges and internet dependency.
The First Trust Cloud Computing ETF (SKYY) was launched on 05/27/2011, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Cloud Computing segment of the equity market.