Look for More Big Cloud Deals Like the One Amazon Just Signed With Verizon

On Tuesday, Verizon (VZ) joined a growing list of large enterprises to announce that they're moving a large chunk of their existing server workloads to Amazon (AMZN) Web Services (AWS). Expect plenty of similar announcements in the months and years to come.

It's not just cost savings that are driving such moves, or even a desire by CIOs and other execs to rid themselves of the headache of managing their own infrastructures. Both enterprises and Internet firms are realizing that using public clouds allows them to deploy new apps and services more quickly, as well as gain access to advanced services that aren't available for use elsewhere. 

And while cloud competition is intense in many respects, AWS has an edge when it comes to mega-deals such as the one just announced with Verizon, thanks to its huge global footprint and unmatched feature set and ecosystem.

Disney (DIS) , Expedia (EXPE) , Turner, Comcast (CMCSA) , GoDaddy (GDDY) , GE (GE) , Capital One (COF) , Netflix (NFLX) (yes, Netflix) Salesforce.com (CRM) and Workday (WDAY) disclosed similar moves in the past. While other business units and large enterprises followed the same path, but chose to keep them private.

The full version of this column appears on Real Money, our premium site for active traders. Click here to get more great columns like this.

Jim Cramer and the AAP team hold positions in Amazon and Comcast for their Action Alerts PLUS Charitable Trust Portfolio .

More from Stocks

Tesla Shares to Collapse on DoJ Investigation of Elon Musk?

Tesla Shares to Collapse on DoJ Investigation of Elon Musk?

What's a Weary Market Bear to Do?

What's a Weary Market Bear to Do?

Dow Higher as Wall Street Shrugs Off U.S.-China Trade Fight

Dow Higher as Wall Street Shrugs Off U.S.-China Trade Fight

9 Stocks That Are Set to Reverse Direction

9 Stocks That Are Set to Reverse Direction

Here's One Reason Why the Markets Have Become Resilient to Trade Worries

Here's One Reason Why the Markets Have Become Resilient to Trade Worries