Buy these stocks as plays on Google’s big spending, analyst says
Summary
Melius Research suggests that investors looking to profit from the rapid expansion of Google Cloud should consider alternative options in the semiconductor and networking sectors. Rather than buying shares in the tech giant directly, market participants can target specific hardware suppliers that benefit from these high levels of corporate spending.
Google Cloud is growing fast, but several chip makers and networking providers could be better ways to capitalize on that trend, according to Melius Research.
Source: Read the full story at MarketWatch.com - Top Stories
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