Cloud computing stocks are hitting an all-time high as coronavirus forces remote work, according to one measure

Cloud computing stocks are hitting an all-time high as coronavirus forces remote work, according to one measure

Jeff Lawson, CEO, Twilio

Scott Mlyn | CNBC

An index of cloud stocks developed by venture-capital firm Bessemer Venture Partners reached new highs this week as  U.S. indexes still recover from the selloff that began in February. 

The BVP Nasdaq Emerging Cloud Index, established in 2013, is up about 31% for the year, while the S&P 500 is down about 9%. 

The performance has to do with the…

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