Stratos Wealth Partners LTD. reduced its stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) by 16.7% in the first quarter, according to a filing with the Securities and Exchange Commission. The institutional investor owned 24,458 shares of the company’s stock after selling 4,911 shares during the period. Several other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in shares of First Trust Cloud Computing ETF by 3,750.0% during the 4th quarter. Luken Investment Analytics LLC purchased a new stake in First Trust Cloud Computing ETF during the fourth quarter valued at about $34,000. Worth Asset Management LLC acquired a new stake in First Trust Cloud Computing ETF during the first quarter worth about $34,000. Concord Wealth Partners purchased a new position in shares of First Trust Cloud Computing ETF in the 4th quarter worth about $44,00. 

Akamai Technologies, Inc. announced a new set of sites, services, and capabilities that will shape the future of cloud computing for the next decade. The company provides cloud services, such as search, analytics, and market data, as well as currency and forex trading, commodities, ETFs, and cryptocurrencies. Akamai also offers a range of indexes, including the S&P 500, Dow Jones, Nasdaq 100, TSX Composite, FTSE 100, DAX, and CAC 40. The company's new capabilities will enable customers to leverage the power of the cloud to create more efficient, secure, and reliable applications. 

According to MarketWatch, artificial intelligence (AI) is driving an increase in demand for cloud computing services, which is good news for Amazon. AI is being used in a variety of applications, such as facial recognition, natural language processing, and autonomous vehicles. As the demand for AI-driven applications increases, so does the need for cloud computing services. Amazon is well-positioned to capitalize on this trend, as it is the world's largest provider of cloud computing services.