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3 Top Cloud Stocks To Watch This Week

As the tech world weathers the current effects of the pandemic, cloud stocks could emerge stronger than before.
The post 3 Top Cloud Stocks To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket…

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Are These The Best Cloud Stocks To Buy Now?

Cloud stocks are among the recent up-and-coming stocks in the stock market today. Why? Simply put, it is because of our growing dependence on cloud computing tech throughout the world today. Notably, the coronavirus pandemic supercharged the adoption of this tech as countless businesses prioritized digital acceleration. While this would be the case, there are long-term benefits from doing so. Namely, the cloud provides organizations an affordable, efficient, and scalable means of storing their digital assets. As more companies look to further optimize and digitize their operations, the cloud industry would stand to benefit moving forward.

Now, just how big can the industry get? According to global tech research company, Technavio, the global cloud market could be worth over $287 billion by 2025. This would indicate a potential compound annual growth rate of 17%. The firm cites rising demand for edge and serverless computing as one of the primary growth drivers for the industry.

Evidently, some of the biggest names in the tech world are already running massive cloud computing operations. Take Google (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) for example. While their core businesses may be worlds apart, both companies continue to rake in the big bucks through their cloud services. Regardless, they do not appear to be slowing down anytime soon. As of last week, Google Cloud is currently working with business-to-business telecommunication company, Axiata Enterprise. According to Axiata, the duo is looking to address the connectivity needs in economies throughout Asia. Meanwhile, Amazon Web Services recently extended its existing partnership with cloud computing peer Salesforce (NYSE: CRM). With all this activity in the industry now, you might be keen on cloud stocks now. In that case, here are three to making moves in the stock market now.

Best Cloud Stocks To Watch This Week

Snowflake Inc.

Starting us off is cloud computing-based data warehousing company, Snowflake Inc. For some context, the Montana-based company helps organizations of varying sizes mobilize their data. Snowflake does this via its Snowflake Data Cloud (SDC) platform. In detail, organizations employ the SDC to consolidate and securely share their digital assets while also executing diverse analytic workloads. Additionally, Snowflake makes this convenient for its users because the SDC works across multiple clouds and geographies. According to the company, its customers span across several industries, including 187 Fortune 500 names. With SNOW stock mostly trading sideways since its initial public offering last September, could now be the time to buy in?

If anything, CEO Frank Slootman seems to believe so. In an interview with CNBC’s Jim Cramer, Slootman mentioned that investors would need to be patient regarding SNOW stock’s growth. He cites the current multi-year cloud transitions taking place as a potential growth driver over the next decade. Even now, the company continues to gain momentum on the financial front. In its recent quarter fiscal posted last month, Snowflake saw revenue skyrocket by 110% year-over-year. Aside from that, the company also raised its full-year guidance for product revenue.

At the same time, the company is also working on expanding its cloud portfolio now. Now, Snowflake is currently running the “Powered By Snowflake” program, designed to aid companies and application developers alike. Through the program, Snowflake is looking to accelerate the ability of its customers to deliver differentiated cloud applications. The likes of which will, ideally, further optimize customer operations. Would all this make SNOW stock a good long-term investment for you?

top cloud stocks (SNOW stock)
Source: TD Ameritrade TOS

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Microsoft Corporation

Another top name in the cloud computing space now would be the Microsoft Corporation. For the most part, the company continues to dominate the tech world across the board. In today’s article, however, we will be taking a closer look at Microsoft Azure, the company’s cloud computing arm. Similar to most cloud computing services, Azure facilitates the building, testing, and management of cloud-related apps and services. In an age where the digital office is more viable than ever, would MSFT stock have more room to run?

While this remains to be seen, MSFT stock appears to be trading towards new highs this week. Even so, Wedbush Security analyst Dan Ives appears to be bullish on the tech giant moving forward. For starters, the analyst currently has MSFT stock at an Outperform rating with a price target of $325 a share. This would indicate a potential upside of over 21% from its current all-time high of $266.83. More importantly, Ives believes that Azure is well-positioned to gain further market share in the cloud industry. He also believes that Microsoft is “the best way to play the cloud trade” now.

Rosy analyst coverage aside, Microsoft is not sitting idly by on the operational front as well. As of last week, the company is currently in a multi-year strategic partnership with BHP Group (NYSE: BHP), one of the largest natural resource companies in the world. According to Microsoft, BHP will transition up to 17,500 TB of data to its Azure platform. By facilitating this, Microsoft aims to improve the safety, productivity, and sustainability of BHP’s frontline operations across its global portfolio. Does all this make MSFT stock a top cloud stock for you?

best cloud stocks (MSFT Stock)
Source: TD Ameritrade TOS

[Read More] Best Dividend Stocks To Buy Today? 3 To Watch Before July 2021

Workday Inc.

Following that, we have leading enterprise cloud applications provider, Workday Inc. For the uninitiated, the company identifies as an on-demand financial and human capital management software vendor. In our tech-based world today, Workday’s finance and human resources-based solutions remain viable. While digital offices are more prominent, these two factors still need to be properly managed. This would be where Workday comes into play. According to Workday, its services are currently being used by thousands of global organizations across industries, including over 45% of the Fortune 500.

Sure, WDAY stock may be lagging behind the broader market in terms of year-to-date gains. Regardless, the company continues to aid customers across varying industries. Earlier this month, Workday revealed that several health care organizations currently rely on its supply chain management solutions. Among these new adopters is Bon Secours Mercy Health, a health care operation company. Bon Secours chief supply chain officer, Dan Hurry had this to say, “Workday provides the real-time reporting and mobile capabilities that give us the insights and efficiencies we need to both improve supply chain operations and reduce friction for patient-facing staff, helping us to retain top talent and deliver unmatched patient care.

Moreover, the company is also planning to expand its Workday Payroll services towards the Australian and German markets. According to Workday, this move will likely be completed by the year 2023. Not to mention, the company also saw its cloud-based financial management deployments jump by over 40% year-over-year throughout its fiscal year 2021. With Workday seemingly firing on all cylinders, will you be adding WDAY stock to your portfolio?

cloud stocks (WDAY stock)
Source: TD Ameritrade TOS

The post 3 Top Cloud Stocks To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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You can now enter this country without a passport

Singapore has been on a larger push to speed up the flow of tourists with digital immigration clearance.

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In the fall of 2023, the city-state of Singapore announced that it was working on end-to-end biometrics that would allow travelers passing through its Changi Airport to check into flights, drop off bags and even leave and exit the country without a passport.

The latter is the most technologically advanced step of them all because not all countries issue passports with the same biometrics while immigration laws leave fewer room for mistakes about who enters the country.

Related: A country just went visa-free for visitors with any passport

That said, Singapore is one step closer to instituting passport-free travel by testing it at its land border with Malaysia. The two countries have two border checkpoints, Woodlands and Tuas, and as of March 20 those entering in Singapore by car are able to show a QR code that they generate through the government’s MyICA app instead of the passport.

A photograph captures Singapore's Tuas land border with Malaysia.

Here is who is now able to enter Singapore passport-free

The latter will be available to citizens of Singapore, permanent residents and tourists who have already entered the country once with their current passport. The government app pulls data from one's passport and shows the border officer the conditions of one's entry clearance already recorded in the system.

More Travel:

While not truly passport-free since tourists still need to link a valid passport to an online system, the move is the first step in Singapore's larger push to get rid of physical passports.

"The QR code initiative allows travellers to enjoy a faster and more convenient experience, with estimated time savings of around 20 seconds for cars with four travellers, to approximately one minute for cars with 10 travellers," Singapore's Immigration and Checkpoints Authority wrote in a press release announcing the new feature. "Overall waiting time can be reduced by more than 30% if most car travellers use QR code for clearance."

More countries are looking at passport-free travel but it will take years to implement

The land crossings between Singapore and Malaysia can get very busy — government numbers show that a new post-pandemic record of 495,000 people crossed Woodlands and Tuas on the weekend of March 8 (the day before Singapore's holiday weekend.)

Even once Singapore implements fully digital clearance at all of its crossings, the change will in no way affect immigration rules since it's only a way of transferring the status afforded by one's nationality into a digital system (those who need a visa to enter Singapore will still need to apply for one at a consulate before the trip.) More countries are in the process of moving toward similar systems but due to the varying availability of necessary technology and the types of passports issued by different countries, the prospect of agent-free crossings is still many years away.

In the U.S., Chicago's O'Hare International Airport was chosen to take part in a pilot program in which low-risk travelers with TSA PreCheck can check into their flight and pass security on domestic flights without showing ID. The UK has also been testing similar digital crossings for British and EU citizens but no similar push for international travelers is currently being planned in the U.S.

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The Virality Project’s Censorship Agenda

The Virality Project’s Censorship Agenda

Authored by Andrew Lowenthal via the Brownstone Institute,

In November 2023 Alex Gutentag and…

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The Virality Project’s Censorship Agenda

Authored by Andrew Lowenthal via the Brownstone Institute,

In November 2023 Alex Gutentag and I reported on the Virality Project’s internal content-flagging system, as released by the US House Committee on the Weaponization of the Federal Government.

Initiated by the Department of Homeland Security (DHS) and the Cybersecurity and Infrastructure Security Agency (CISA) and led by the Stanford Internet Observatory (SIO), the Virality Project sought to censor those who questioned government Covid-19 policies. The Virality Project primarily focused on so-called “anti-vaccine” “misinformation;” however, my Twitter Files investigations with Matt Taibbi revealed this included “true stories of vaccine side effects.”

A further review of the content flagged by the Virality Project demonstrates how they pushed social media platforms to censor such “true stories.” This was often done incompetently and without even a cursory investigation of the original sources. In one instance, the Virality Project reporters told platforms that reports of a child injured in a vaccine trial were “false” due to the timing; citing the dates of a Moderna trial when in fact the child had been in a Pfizer trial.

Trigger-happy researchers-turned-activists at the Virality Project went further, alerting their Big Tech partners (including Facebook, Twitter, Instagram, and TikTok) of protests, jokes, and general dissent.

Led by former CIA fellow Renee DiResta, the Virality Project functioned as an intermediary for government censorship. Ties between the US government and the academic research center were extremely close. DHS had “fellows” embedded at the Stanford Internet Observatory, while SIO had interns embedded at CISA, and former DHS staff contributed to the Virality Project’s final report.

The Virality Project also had contact with the White House and the Office of the Surgeon General, described the CDC as a “partner” in its design documents, and the California Department of Public Health had a login to access the Jira content flagging system, as did CISA personnel.

Kris Krebs and Alex Stamos – former directors of CISA and SIO, respectively – became business partners soon after leaving their positions.

Norwood v. Harrison established that the government “may not induce, encourage or promote private persons to accomplish what it is constitutionally forbidden to accomplish.” Stamos knew this too and put it simply; the government “lacked the legal authorisation” and so they built a consortium to “fill the gap of the things the government could not do themselves.”

Judicial precedents regarding “joint participation” and “pervasive entwinement” between public and private entities make clear that the government cannot outsource to third parties like the Virality Project actions that would be illegal for the government itself to do.

The Virality Project had several unnamed partners that appear in the content-flagging system, including billion-dollar military contractor MITRE and a communications consultancy linked to the Democratic Party, Hattaway. Founder Doug Hattaway was an “advisor and spokesperson for Secretary of State Hillary Clinton, Vice President Al Gore, and Senate Majority Leader Tom Daschle, and provided strategic counsel to the Obama White House and the Democratic leadership of the US House and Senate.” Like the Virality Project, Hattaway worked with the Rockefeller Foundation during the pandemic on issues of disinformation.

The Virality Project does not declare any relationship with MITRE or Hattaway despite providing them access to their Jira system.

The Virality Project was partly funded by the Omidyar Network, which provided $400,000 to VP partner and Pentagon consultant Graphika. Much of the Virality Project’s funding however is unknown and is also not declared on their website.

This and much more have led five plaintiffs, including Harvard and Stanford professors, to accuse the US government of violations of the First Amendment with the Virality Project as one of the key proxies. On March 18, their case will be heard by the US Supreme Court.

The Virality Project and Murthy v. Missouri

The Murthy vs Missouri plaintiffs allege that, “CISA launched a colossal mass surveillance and mass-censorship project calling itself the “Election Integrity Partnership” (and later, the “Virality Project”). The Election Integrity Project (EIP) “monitored 859 million posts on Twitter alone.” 

The Virality Project used the same Jira system as EIP for flagging content and included the same core public partners: SIO, the University of Washington Center for an Informed Public, the Atlantic Council’s Digital Forensic Research Lab, and Graphika, with the addition of NYU and the congressionally chartered National Conference on Citizenship.

The Virality Project had extensive contact not only with CISA but also with the White House and the Surgeon General. White House representatives sent direct censorship requests to Twitter including, “Hey folks – Wanted to flag the below tweet and am wondering if we can get moving on the process for having it removed ASAP.” And the more threatening:

 “Are you guys fucking serious? I want an answer on what happened here and I want it today.”

Flaherty also conveyed that his communications came with the backing of the very top echelons of the administration: “This is a concern that is shared at the highest (and I mean highest) levels of the WH.”

The Virality Project hosted a launch with the US Surgeon General Vivek Murthy as part of the Surgeon General’s campaign against “misinformation.” In the presentation, Renee DiResta also introduced Matt Masterson, former senior adviser at DHS, and now a “non-resident policy fellow” at SIO.

Murthy ends the presentation by telling Renee, “I just want to say thank you to you, for everything you have done, for being such a great partner.”

At that same time the White House, OSG, and others were on the warpath, claiming social media platforms were “killing people” for allowing so-called “misinformation” to circulate.

With access to the White House, the Surgeon General, CDC, DHS, and CISA, along with top-level relationships with almost every major Western social media platform, the Virality Project was a key, if not the key, coordinating node for Covid-related censorship on the Internet. 

The Content-Flagging System

When the Virality Project said it considered, “true stories of vaccine side effects” to be “misinformation,” it wasn’t joking, and it flagged content to its Big Tech partners accordingly. 

Perhaps the most egregious was that of Maddie de Garay. Maddie and her siblings were enrolled in the Pfizer vaccine trial at the Cincinnati Children’s Hospital. She was later unblinded and confirmed as being in the vaccine and not the placebo group. 

Within 24 hours of her second shot in January 2021, Maddie developed a host of symptoms, including “severe abdominal pain, painful electric shocks on her spine and neck, swollen extremities, ice cold hands, and feet, chest pain, tachycardia, pins and needles in her feet that eventually led to the loss of feeling from her waist down.” To this day Maddie continues to suffer from a lack of feeling in her lower legs, difficulty eating, poor eyesight, and fatigue among other persisting symptoms.

Virality Project staff logged a Jira ticket titled “Maddie’s Story: False claim that 12-year-old was hospitalized due to vaccine trial” and provided extensive documentation of offending “engagement” on social media, including the micro-policing of content citing Maddie’s story with just two likes and two shares.

Much doubt has been cast on the veracity of Maddie’s injuries. Maddie’s mother, Stephanie de Garay, provided me with several doctor’s letters that confirm the link, including that of the emergency room doctor who discharged her on her initial visit. Their diagnosis was “Adverse effect of the vaccine.” Stephanie de Garay also testified under oath in front of the US Congress in November of 2023 regarding her daughter’s experience.

Most egregiously, the idea that the story was “false”rested on the claim that Maddie was in a Moderna trial. But she was in a Pfizer trial, as stated in the posts the Virality Project collected and linked to in the very same ticket.

“Dear Platform Partners,” the reporter writes as they bring the posts to the attention of Google, Facebook, Twitter, TikTok, Medium, Pinterest, and the aforementioned Hattaway Communications:

…very likely false due to issues in timing. The Moderna trial in children [began on March 16], when the participants received their first doses. However, the video claims that Maddie has an MRI scheduled for 03/16, and that these symptoms have been occurring for 1.5 months. Thus, Maddie would have had to have received the second dose of the vaccine during/before February, which is at least a month before the Moderna trials began.

“Ack – thanks for raising!” replies a platform representative. 

Not only are our self-appointed censorship overlords micro-managers, they are often incompetent. 

The posts were flagged “General: Anti-Vaccination” despite the de Garays volunteering their three children for the vaccine trial.

Some content flagged in the report remained up, and others were taken down. A video of Stephanie de Garay’s testimony was removed from Twitter. Whether or not this was specifically taken down due to the Virality Project report cannot be ascertained, but their intent was clear.

In another instance, the Virality Project wanted people circulating a mainstream media report censored:

“Platforms, this unconfirmed story of a healthy youth athlete who was hospitalized after being vaccinated continues to be used by anti-vaccine activists to spread misinformation about vaccines.”

“ack, thanks” responded a platform representative. 

Even a report by an ABC news affiliate, one of the biggest media conglomerates in the United States, fell into the category of “General: anti-vaccination” and “Misleading Headline.”

The main link provided, to a YouTube video, was removed. 

The Jira system was set up to track the actions the Big Tech partners took, as illustrated below:

The content was flagged to get platforms to take action.

“Hello Google team – sending this over as our analysts noticed that a google ad on a politico article this morning was peddling the antivax claims from the medical racism video you were monitoring. Is this against your policies?”

“Thanks for flagging – ack and sending for review.”

“Thanks for the heads up – we’re on it”

“Thanks for sharing! Our team is now tracking this.”

And follow-ups from the Virality Project team:

“Were the ads supposed to have been taken down? Just flagging for you, I just checked now and I’m still seeing another medical racism ad.”

Platforms were apologetic when they didn’t get to Virality Project’s flags quickly enough:

“With apologies for the delayed response (was in meetings) – we took action earlier in the afternoon, thanks again for the flags.”

This of course built on the Election Integrity Partnership’s more flagrant “recommendations,” which included

“We recommend that you all flag as false, or remove the posts below.”

“Hi Facebook, Reddit, and Twitter…we recommend it be removed from your platforms.”

And many more.

The Virality Project was a strategic intermediary between the US government and major social media platforms. As Murthy v. Missouri shows, in many cases the government dispensed even with their chosen intermediary and directly demanded censorship.

With their vast resources, why did Google, Facebook, and Twitter even need an external consortium to flag “misinformation?” The answer of course is they didn’t, the government did. Much like SIO Director Alex Stamos so helpfully reminded us, First Amendment jurisprudence states that the government “may not induce, encourage or promote private persons to accomplish what it is constitutionally forbidden to accomplish.”

The First Amendment protects false speech. There is a cost to false claims, but the cost of censoring true claims is much higher. The alternative is a society where the truth is suppressed and powerful actors become even more unaccountable. The government cannot be made an arbiter of what is true.

In this inverted world, the role of academia and civil society isn’t to harness the internet to better pick up safety signals related to corporate products, it is to shield corporations from public scrutiny. In times gone by such ethical violations would see institutions shut down, but the Stanford Internet Observatory and their consortium partners continue with hardly a dent.

Dr. Aaron Kheriaty is a Murthy v. Missouri plaintiff and was the Director of the Medical Ethics Program at the University of California Irvine before he was fired for challenging the university’s vaccine mandate. Asked for his reaction to this censorship he responded: 

While causation in medicine is sometimes difficult to establish, and different evaluating physicians may reach divergent conclusions about a particular case, the Virality Project’s censors (who lacked even basic medical expertise) arrogated to themselves the authority to make veracity judgments about particular medical cases–even overriding the judgments of evaluating physicians. Such censorship is completely antithetical to medical and scientific progress, which relies upon free inquiry and open, public debate.

Much of what the Virality Project flagged was plausible; however, their internet hall monitors, who likely lacked even first aid certificates, deemed themselves arbiters of the truth, and coupled their arrogance with a complimentary laziness and incompetence.

The veracity of the content was of course always irrelevant to the Virality Project, given they considered “true stories” to be “misinformation.”

All told the DHS, CISA, the White House, the Surgeon General, a DNC-aligned communications agency, military contractors, academics, NGOs, and more combined to suppress the stories of real people, including children, who were plausibly injured by the vaccine. They sought to hide it not because it might be false, but precisely because it might be true.

Republished from the author’s Substack

Andrew Lowenthal is a Brownstone Institute fellow and co-founder and former executive director of EngageMedia, an Asia-Pacific digital rights, open and secure technology, and documentary non-profit, and a former fellow of Harvard’s Berkman Klein Center for Internet and Society and MIT’s Open Documentary Lab.

Tyler Durden Thu, 03/21/2024 - 13:05

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This country became first in the world to let in tourists passport-free

Singapore has been on a larger push to speed up the flow of tourists with digital immigration clearance.

Published

on

In the fall of 2023, the city-state of Singapore announced that it was working on end-to-end biometrics that would allow travelers passing through its Changi Airport to check into flights, drop off bags and even leave and exit the country without a passport.

The latter is the most technologically advanced step of them all because not all countries issue passports with the same biometrics while immigration laws leave fewer room for mistakes about who enters the country.

Related: A country just went visa-free for visitors with any passport

That said, Singapore is one step closer to instituting passport-free travel by testing it at its land border with Malaysia. The two countries have two border checkpoints, Woodlands and Tuas, and as of March 20 those entering in Singapore by car are able to show a QR code that they generate through the government’s MyICA app instead of the passport.

A photograph captures Singapore's Tuas land border with Malaysia.

Here is who is now able to enter Singapore passport-free

The latter will be available to citizens of Singapore, permanent residents and tourists who have already entered the country once with their current passport. The government app pulls data from one's passport and shows the border officer the conditions of one's entry clearance already recorded in the system.

More Travel:

While not truly passport-free since tourists still need to link a valid passport to an online system, the move is the first step in Singapore's larger push to get rid of physical passports.

"The QR code initiative allows travellers to enjoy a faster and more convenient experience, with estimated time savings of around 20 seconds for cars with four travellers, to approximately one minute for cars with 10 travellers," Singapore's Immigration and Checkpoints Authority wrote in a press release announcing the new feature. "Overall waiting time can be reduced by more than 30% if most car travellers use QR code for clearance."

More countries are looking at passport-free travel but it will take years to implement

The land crossings between Singapore and Malaysia can get very busy — government numbers show that a new post-pandemic record of 495,000 people crossed Woodlands and Tuas on the weekend of March 8 (the day before Singapore's holiday weekend.)

Even once Singapore implements fully digital clearance at all of its crossings, the change will in no way affect immigration rules since it's only a way of transferring the status afforded by one's nationality into a digital system (those who need a visa to enter Singapore will still need to apply for one at a consulate before the trip.) More countries are in the process of moving toward similar systems but due to the varying availability of necessary technology and the types of passports issued by different countries, the prospect of agent-free crossings is still many years away.

In the U.S., Chicago's O'Hare International Airport was chosen to take part in a pilot program in which low-risk travelers with TSA PreCheck can check into their flight and pass security on domestic flights without showing ID. The UK has also been testing similar digital crossings for British and EU citizens but no similar push for international travelers is currently being planned in the U.S.

Read More

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