One might think of Microsoft (NASDAQ: MSFT) and International Business Machines (NYSE: IBM) as two companies with numerous commonalities and sometimes, a shared history. Microsoft supplied the operating system for the IBM PC beginning in 1980.
The two tech stocks have focused on different aspects of IT for most of their history. However, their interests appear to have converged again in the cloud. Both companies elevated their previous cloud head to the CEO position. Now, Microsoft has built a cloud infrastructure business second only to that of Amazon in size. Although IBM did not move as quickly, it has developed a niche in the hybrid cloud.
Source Fool.com