) recently introduced new cheaper server instances, named T2, for
its EC2 cloud computing service. The prices of these instances
start at only $0.013 per hour ($9.50 per month), making them the
most affordable Amazon EC2 instance option. They are available in
the majority of AWS regions, apart from Northern California, China
and the AWS GovCloud regions.
These instances are basically designed as per the demands of
customers to build low cost applications, for which consistent high
CPU performance is not necessary. Instead they offer steady
baseline performance and have the ability to scale up to full CPU
power upon the application of credits accumulated by normal usage.
Amazon believes that these instances are adequate for web servers,
developer atmospheres and small databases. Moreover, they can offer
high-capability, cost-efficient storage choices to customers when
used with Amazon Elastic Block Store (EBS) General Purpose (SSD)
The latest offering will help Amazon to maintain and increase its
share in the fast-growing cloud computing field. The T2 instances
will likely help Amazon attract and retain existing developers who
require a single independent server only a few times a day for
particular business processes. Such developers do not require
high-end instances. Therefore, the e-commerce giant can now prevent
market share loss to low-end virtual private server providers like
Linode and Digital Ocean.
These instances can be launched using the different applications on
the Amazon Web Services ("AWS") platform such as AWS Management
Console, AWS Command Line Interface ("CLI"), AWS SDKs, AWS
Marketplace as well as third-party libraries.
The Amazon Elastic Compute Cloud (Amazon EC2) is an online service
and forms an integral part of its cloud computing platform, AWS. It
allows developers to configure cloud capacity rapidly with minimum
friction and simplifies web-scale computing. It permits developers
to use Amazon's computing environment with complete control over
computing tools to build applications that are less prone to
It offers features such as virtual computing environments, known as
instances along with pre-configured templates for the instances,
secure login information for instances using key pairs and many
more features to swiftly build and deploy applications.
We remain extremely positive about AWS's growth prospects and also
expect Amazon to remain one of the leading players in the
fast-growing e-commerce market.
Amazon shares currently carry a Zacks Rank #4 (Sell). Other
better-ranked stocks worth considering are
Akamai Technologies, Inc.
Rackspace Hosting, Inc.
), all carrying a Zacks Rank #2 (Buy).
(We are reissuing this article to correct a mistake. The
original article, issued last week, should no longer be relied
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