I have posted a few times about how absurdly expensive all the cloud providers are. If you have a baseline load you should be co-locating bare metal. Any excess capacity you need should spill over into your AWS/GCE/Azure account.
For example: A dedicated m4.16xLarge EC2 instance in AWS is $3987/month. You could build that same server for $15,000 through Dell, lease it at $400/month (OpEx), and colo it with a 1GB/s blended bandwidth connection billed at the 95th percentile for $150/month.
For example: A dedicated m4.16xLarge EC2 instance in AWS is $3987/month. You could build that same server for $15,000 through Dell, lease it at $400/month (OpEx), and colo it with a 1GB/s blended bandwidth connection billed at the 95th percentile for $150/month.