The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor/anaylst Austin Smith discusses topics around the investing world.

Rackspace Hosting recently reported impressive earnings, and the stock jumped immediately thereafter. The large growth it posted lends credibility to the cloud-computing investor thesis and gives the naysayers something to watch. Certainly there are other competitors in this space, including, Apple, and Google, but there will certainly be a tremendous amount of corporate and investor wealth generated in this field in upcoming years.

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