CLDL ETF

Here, we discuss five best-leveraged equity ETFs that led the space last month.

Here, we discuss five best-leveraged equity ETFs that led the space last month.

Cloud computing is one of the sub-sectors of technology that are benefiting from last year's rally. When it comes to specific names, CrowdStrike is a notable one helping to push the Direxion Daily Cloud Computing Bull 2X Shares ETF (CLDL) even higher.

Cloud computing has been one of the hot themes in 2023's big tech comeback. But its strength should extend beyond the short-term investment horizon.

Cloud computing has been one of the ongoing themes that have propelled the technology sector in this year's equities comeback. Cloud services spending reached $68 billion during the third quarter.

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Q3 earnings continued to highlight big tech's 2023 comeback with Microsoft edging out its competitors when it comes to cloud computing. “On the cloud side, Microsoft reported growth of 29% at Azure,” CNBC reported.