But I’d rather not invest in the automotive industry (which I discussed yesterday), where high debt levels remain a problem and profit margins seldom top 5%. I’d rather invest in an industry that’s booming, an industry where the profit margins are high and the stocks are strong. Today, the industry that best fills the bill is “cloud computing.” Which is what, exactly? Well, there is no “exactly.” Cloud computing, in general, refers to the increasing migration of computing resources (hardware, software, data storage, computing power and expense) away from the user and toward a provider … who might be...
