
See exactly how FCLD's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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Invests in companies enabling the increased adoption of cloud computing characterized by the delivery of computing services over the internet.

Tech stocks comprise a huge part of the S&P 500. With many investors already heavily exposed in tech, what's a smart way to add further exposure to innovation?

Cloud Computing Is Booming on AI Demand. Explore 4 Cloud ETFs Poised to Benefit From Surging Infrastructure Spending.

Cloud computing is booming on AI demand. Explore four cloud ETFs poised to benefit from surging infrastructure spending.

Fidelity Cloud Computing ETF (FCLD) is rated Hold due to its ambiguous exposure to both AI infrastructure and struggling SaaS names. FCLD's passive structure and broad mandate dilute its effectiveness, lacking clear conviction in either AI infrastructure or SaaS recovery. The fund's high beta (1.54) and below-average Sharpe ratio (0.90) reflect elevated volatility and subpar risk-adjusted returns versus peers.

Micron stands to benefit as AI demand drives a memory chip crunch through 2027, pushing prices higher and steering investors toward targeted ETFs.