"Cloud Computing" Was Always a Joke, But This Week Was the Punchline
I never liked "Cloud Computing", not just as a term but also as a "concept" (though being a marketing buzzword/catchphrase, there was no clear concept to it, either). My first webhost was running FreeBSD and was based in Florida. Later it was all GNU/Linux and mostly based in the UK. They never ever called themselves "Cloud Computing" (they still don't).
Around 2011 when I worked in Sirius a client called Gradwell (telecom-centric) told us a story about how they lost all the data about all their clients due to a computer error. They told us they had to work out their own clients' names and details by picking up physical papers and then feeding their details back into a computer, one by one. Would you trust such a company to handle your telecom? I would not.
That's a lot like "Cloud Computing", where the data is there (and backed up to "Cloud Computing") and then gone (or unavailable) the next day. Wikileaks got booted from AWS without much of a warning/notice 15 years ago. It was not due to a technical factor but purely a political factor (US politicians making demands to US oligarchs). So Wikileaks had to learn the hard way - i.e. from mistakes - what "Cloud Computing" is.
In recent years, due to several high-profile fires (the small ones don't receive media attention), "Cloud Computing" got 'exposed' as a scam and a false promise of reliability. I know people and companies that quit "the cloud" because it's overpriced (getting expensive over time; Sirius wasted a load of money on its utterly misguided move from on-premise to AWS).
We now see Red Hat selling Microsoft instead of servers/operating systems (IBM is giving up on its own "cloud"), Oracle getting its "cloud" tenants cracked en masse, economic failures, and mass layoffs. AWS, Azure and even Google's own clown engine all have mass layoffs regularly. They all have problems. All of them. How many billions has Google lost in this area already?
A lot of this was predictable.
Maybe stop following tech trends and fashions. Stick with what works and what had decades to mature. █