Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens

(CNBC) Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their lows. The WisdomTree Cloud Computing Fund, a sector-wide basket, has risen 26% in the past three months, while the S&P 500 is up less than 9% over that stretch.

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