All that data flowing from devices into cloud applications or data centers will help drive business decisions, deliver new products and services, provide competitive advantage and insight, and help enable new market opportunities.

FORBES: Robot Data Collectors: How to Win in a Device-to-Data Center World

The tech community is split over AWS's troubles: Some commentators blame customers for failing to build more redundancy into their cloud products by spreading service over multiple data centers or regions.

WSJ: The Sun Shines on 'The Cloud'

Going forward, LSI is firmly established as a central player in some of the most critical growth trends in computing, including cloud, Big Data, mobile networking and flash, with products that are bringing exciting new levels of speed and productivity to our customers.

FORBES: LSI Q1 Tops Estimates; Q2 Outlook Strong; Shrs Rise

Brian Lempel, the fund's portfolio manager, looks for equipment companies that benefit from a number of long-term technology trends, including cloud computing, data analytics and consumerization, which refers to the growing demand for consumer tech products within large corporations.

WSJ: Funds to Fine-Tune Technology Exposure

"We are defining a new era of convergence in technology, with one unified operating system that underpins cloud computing, data centers, PCs and consumer electronics" says Mark Shuttleworth, founder of Ubuntu and VP Products at Canonical.

ENGADGET: Canonical announces Ubuntu for smartphones, we go hands-on (video)