Cloud computing is a bright spot for tech as the economy grapples with war and inflation

Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.
David Ryder | Bloomberg | Getty Images

Central banks lifted interest rates to tamp down inflation in the first quarter, and a hot war broke out in Europe. Those shifts have been weakening demand across some parts of the economy.

But several of world's largest technology companies have a business buffer against those threats: cloud computing.