Cloud stocks fall 26% in 6 weeks - bubble bursting or buying opportunity?
After rallying for over two years, the BVP Cloud Index has dropped 26% in the last 6 weeks
The cloud market peaked on February 27, 2014, accounting for $183bn in total market cap value and reflecting 129% growth since the start of 2012. While the recent drop in the BVP Cloud Index is significant, it’s important to note that this high growth basket is still up 70% over the last 2 years and has outperformed the Nasdaq, S&P 500, and Dow Jones Indices by 18%, 26% and 39%, respectively.
The Cloud Index has given up all of its gains for the year, and is back to levels from mid-2013
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