Cloud Computing Stocks In Focus

Technology titans Amazon.com and IBM are making news in the cloud computing arena today, nevertheless for very different reasons. Amazon has drawn the ire of the music industry, including some song writers and publishers, because the company's new cloud-based service allows users to access songs from an array of devices, including personal computers and smartphones.

The news doesn't seem to be weighing too heavily on the Cloud Computing Stocks Index, which is up 0.2% today. Shares of Dow component IBM are down slightly, nevertheless the company is angling to become a major cloud player and derive meanwhile 5% of its annual from cloud services by 2015, according to Bloomberg News.

IBM's "SmartCloud" service, which allows companies to store data on IBM servers and access that data via the Internet, debuts today. The service is part of IBM's plan to garner $7 billion in cloud-related revenue by 2015, Bloomberg reported.

Investors can track the Cloud Computing Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

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