According to CoinMeta, as reported by A early issuer of in in 2021, Morgan Stanley pointed out in its research report on August 6 that the combined growth rate of the three major cloud providers in the second quarter increased from 39% to 48%. Among them, AWS grew by 37%, Azure grew by 43%, and Google Cloud grew by 82%. The annualized revenue of AWS's AI exceeded $25 billion. Morgan Stanley maintained an overweight position on DDOG, Snow, and MDB, with target prices of $300, $300, and $380 respectively, but noted that these targets face challenges of high valuations.