Cloud computing is a technology that allows users to access and store data and applications over the internet instead of relying on local servers or personal devices. It enables on-demand availability of computing resources, such as servers, storage, databases, networking, software, and analytics, which can be quickly scaled up or down as needed. Cloud computing operates on a pay-as-you-go model, meaning that users can pay only for the resources and services they use. It typically involves three main service models: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Cloud computing enhances flexibility, efficiency, and collaboration by allowing users to access their data and applications from anywhere with an internet connection, while also facilitating easier management and maintenance of IT resources.
Credo Technology Group (CRDO) has experienced a remarkable surge following its recent fiscal second-quarter earnings report, showcasing impressive growth in cloud computing clients. The stock skyrocketed by 33%, reaching 63.77,…