US-based cloud software stocks — which soared to dizzying heights during the pandemic — have been in a painful downward spiral since November.
For the three months ended January 31, 2022, the BVP NASDAQ Emerging Cloud Index, a measure of cloud-based software companies, plummeted 33.4%. That compares with a decline of 3.9% for the Standard & Poor’s 500 Composite Index, which measures the broader U.S. stock market.
Why have these companies fallen so suddenly out of favor?
