The Nasdaq Composite is falling in the last two trading days.
Nasdaq Composite could fall as low as 7 000 points form the current more than 11 000.
Cloud stocks are still 40 % overvalued.
Most cloud stocks were and are still are unprofitable and 80 % of the publicly listed cloud stocks could soon run out of cash, encounter difficulties raising new money and ultimately face the threat of going out of business.
The cloud computing companies that make money or have taken measures to become profitable or have a plan how to achieve net profit margin will be the ones that can raise new funds, be able to finance their business and ultimately survive the current dot-com bust and the economic and financial storm that is just only around 30 % completed, according to my humble opinion.
No comments:
Post a Comment