Most of the more than 17,000 investors who've rated Google (Nasdaq: GOOG ) in Motley Fool CAPS believe in the business. They think the stock will outperform because the Big G is positioned to profit as information, advertising, and software move to the Web.
" 'Organizing the worlds information' is the most profitable activity to pursue on the Internet," wrote Fool ballengerm in pitching the stock last week. "Out of all the worlds large web-based companies, [Google] is the most correctly focused."
Focus is certainly part of it, but volume plays a role, too. Google is grabbing more data than ever thanks to a digital tidal wave called Chrome. Have a look:
Washing onto Redmond's shores
See the pattern? Not only has Chrome narrowed the gap with Microsoft (Nasdaq: MSFT ) and Internet Explorer, but Google's browser is also just two percentage points behind Mozilla's Firefox in market share. It's like I said earlier this year; Microsoft isn't Mozilla's enemy, Google is. And the Big G is getting ready to roll over its rival as the market's second choice for finding and manipulating data online.
Don't be surprised if Chrome stays hungry for a while. We know from the revenue growth rates of service providers such as salesforce.com (NYSE: CRM ) , NetSuite (NYSE: N ) , and SuccessFactors (Nasdaq: SFSF ) that users are taking to cloud computing in ever-increasing numbers.
Presuming this trend continues and users get more accustomed to using a Web page as a software interface, browsers that best replicate the desktop experience via standards such as HTML5 -- and do so while integrating with common services such as email -- will win users. Chrome and Gmail are already among the best in these areas. It's only a matter of time before market share data reflect this reality.
Do you agree? Disagree? Please weigh in using the comments box below. You can also keep tabs on the cloud-computing movement by adding any of these stocks to your Foolish watchlist: