One of the technologies that came the forefront during the pandemic was the cloud. Cloud computing was already gaining traction before COVID hit, but is now becoming a bigger part of our lives. For instance, the cloud is starting to play a major role in the healthcare sector, and Veeva Systems (NYSE:VEEV) and HMS Holdings (HMSY) are two such examples. But which is the better buy? Read more to find out.Investors are looking for future-proof stocks that will rake in cash no matter how society or geopolitics change in the years and decades ahead. Cloud-powered medical tech stocks appear to be some of the few that are legitimately future-proof. If you haven't taken a close look at this space, now is the time to do so.
Even if you don't understand how the cloud works or if you haven't read about medical industry breakthroughs in recent years, you still have the opportunity to make money from these innovations. Carefully select a couple of cloud-powered medical technology stocks for your portfolio and be patient.
Veeva Systems (VEEV) and HMS Holdings (HMSY) are two such stocks worthy of your analysis. Let's take a look at each of these stocks.