The cloud wars continue. 

When it comes to the cloud market, Amazon's  (AMZN)  Amazon Web Services (AWS) is still the leader. But, Microsoft (MSFT) is snipping at its heels, discusses TheStreet's tech columnist Eric Jhonsa. TheStreet discusses the battle in the above '60 Seconds' video. 

Microsoft reports fiscal fourth quarter earnings on Thursday after the markets close. Investors await revenue growth figures for the company's Azure cloud product, which rose 93% year-over-year in the prior quarter.

Cloud strength has helped seal Amazon and Microsoft as strong contenders in the race to the world's first trillion dollar company, something TheStreet's Jim Cramer notes in a recent Real Money column. Both companies have market caps north of $800 billion.

They are also key holdings of Cramer's Action Alerts PLUS member club. Looking for more cloud plays? Cramer's 'Cloud Kings' investing acronym is a must understand for investors. 

 

 

More from Video

Economist Perspective: Can U.S. Dollar Keep Its Momentum in 2019?

Economist Perspective: Can U.S. Dollar Keep Its Momentum in 2019?

What Investors Should Know Ahead of Google's Hearing on Capitol Hill

What Investors Should Know Ahead of Google's Hearing on Capitol Hill

Abbott Downing Exec: 'There's a Missed Perception That Volatility Means Risk'

Abbott Downing Exec: 'There's a Missed Perception That Volatility Means Risk'

Jim Cramer to Elon Musk: 'No Lawyer in the World Would Say You Should Do This'

Jim Cramer to Elon Musk: 'No Lawyer in the World Would Say You Should Do This'

Abbott Downing Executive on New Years Resolutions for Investors

Abbott Downing Executive on New Years Resolutions for Investors