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Investors sold many of the cloud companies during the recent market rotation out of tech and into value. For example, the First Trust Cloud-Computing ETF (SKYY) is down roughly 10% from its February high. However, SKYY is still up 32% since my bullish Seeking Alpha article of last August (see SKYY: A Cloud Computing ETF Not Overly Concentrated in the ‘Big-3’) and I remain bullish on the technology sub-sector’s long-term revenue growth potential going forward.
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