The symbiosis in tech

Many of our recommended stocks, especially in the tech space, compete against each other. But they also do a lot of business with each which we always like to hear.

For example, Google recently announced that they have signed a 6-year cloud computing deal with Meta worth more than $10 billion.

Google Cloud is desperately trying to catch up with rivals AWS (Amazon) and Azure (Microsoft) when it comes to the cloud-services market share. Having Meta as a client is a huge step in the right direction. And this comes shortly after a similar-sized deal with OpenAI. Clearly, their cloud tech is quality, which is why they are attracting such important clients.

Google is sometimes called a one-trick pony because they rely so heavily on online advertising. Growing their cloud business is very important for the diversity of their revenue streams.