Google Takes Aim at Amazon in the Cloud With This Recent Move

Tech giant Google (NASDAQ: GOOGL  ) let Amazon.com (NASDAQ: AMZN  ) gain an early lead in booming multibillion-dollar market for cloud computing services.

However, all that might be about to change with a recent announcement from Google. Amazon and Google shareholders should take notice.

Head in the clouds

Last year, Google rolled out its most serious attempt yet to challenge Amazon's budding cloud-services empire when it unveiled its Google Compute Engine to, well, pretty much yawns.

Although it's always tough to count out a company with the kind of technical chops Google wields, Google's compute engine is in many senses still waiting for takeoff. All the while, Amazon is believed to have meaningfully increased the gap between itself and Google.

However, Google recently signaled in a recent blog post that it intends to take the training wheels off its Compute Engine. According to Google, Compute Engine will be moving out of the tech purgatory that is "beta," as well as receiving several other minor tweaks.

In the following video, Fool tech and telecom analyst Andrew Tonner looks at Google's most recent challenge to Amazon and what it means for investors in this booming space.

This growth stock puts Google and Amazon to shame
This incredible tech stock is growing twice as fast as Google and Facebook, and more than three times as fast as Amazon.com and Apple. Watch our jaw-dropping investor alert video today to find out why The Motley Fool's chief technology officer is putting $117,238 of his own money on the table and why he's so confident this will be a huge winner in 2013 and beyond. Just click here to watch!


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2756658, ~/Articles/ArticleHandler.aspx, 11/26/2014 9:04:53 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement