Yet small businesses still make up about half of the global economy’s production. Most are far behind the curve in making the necessary digital transformation. That’s where DigitalOcean comes in, providing a full range of affordable services to help small companies find their way in the new cloud era.
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Her work has been featured on leading platforms such as MoneyLion, Yahoo Finance and Benzinga. Despite massive internet growth in the past decade, just over half of marketing spending takes place in a digital format. Digital ads will continue to be a fast-growing industry in the next decade — especially in at-home entertainment as TV and movies move to an on-demand internet streaming format. Zoom is eyeing a bigger piece of the massive global telecom industry by going after large business communications accounts.
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But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.93% per year. These returns cover a period from January 1, 1988 through October 6, 2025. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. In a new era of cloud stocks AI, ServiceNow could be a big winner, building on its recent success.
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In addition to steady growth, ServiceNow also recently turned profitable by all metrics. This could be a great stock holding for the next decade and beyond as the cloud infiltrates more of the world’s corporate operations. Although it isn’t a serial acquirer like Salesforce, Adobe has made some big moves to round out its software suite. In 2018, it acquired small firms Marketo and Magento to bolster its position as a partner for e-commerce companies. In late 2020, it purchased Workfront to add workflow and project management solutions to its arsenal.
But we also like to teach you what’s beneath the Foundation of the stock market. The company doesn’t reveal the exact revenue generated by the segment. However, it announced that Azure’s revenue climbed 48 percent year-over-year in the first quarter of 2021. Kaitlyn Wolf is a personal finance, investing, and lifestyle writer with over 8 years of experience. She specializes in breaking down complex investment strategies into clear, actionable insights for investors at all levels. Driven by a passion for financial empowerment, Kaitlyn helps readers take control of their finances with straightforward, easy-to-understand guidance.
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Zoom Phone accounts, a service for transferring calls across different devices, has steadily grown for years. Zoom’s contact center services to manage inbound calls and customer contact have also remained a key growth initiative. Paired with the organic growth that Adobe’s legacy offerings still generate, this firm is a top free cash flow generator in the cloud industry. For fiscal years 2020 to 2024, Adobe averaged a free cash flow margin (free cash flow divided by revenue) of 39.8%. Getting notified when a stock gains momentum is a seamless process on our platform. By signing up, you can activate stock alerts that swiftly bring your attention to stocks that experience an impactful across any of the datasets that we are monitoring.
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- And its rapidly escalating top-line growth further reflects the massive success it has achieved.
- Snowflake is a young company, though, and the stock will likely be highly volatile for some time.
Key Cloud Computing Stocks to Watch
Google currently generates most of its revenue from the advertising business. However, the management wants to diversify its revenue streams to limit dependence on any segment. This is another reason the company wants to strengthen its cloud unit to compete head-to-head with Azure and AWS. Nevertheless, it would be too early to predict whether Google Cloud can grow into a serious threat to rivals’ services in the coming years, so they’re a part of great cloud computing stocks. Alibaba Cloud became profitable for the first time in over a decade.
The list of cloud computing stocks is long and includes big and small players. However, we have picked the top cloud computing stocks based on their performance, size, and future growth potential. To help you make informed investment decisions, Benzinga compiled a list of the best cloud computer stock picks. These companies have demonstrated strong growth potential, solid financials, and a competitive edge in the cloud computing market.
But it has transformed itself into a leader in cloud services by adapting its large and expanding platform to the cloud era. Adobe’s core competencies in providing creativity software and document editing have made it a staple of digital transformation. Moving forward, the concept of cloud computing is expected to change because of technological enhancements and dynamic business requirements. As per Nasscom Community, quantum computing integration, AI-driven cloud services and multi-cloud, and interoperability are some of the future trends in cloud computing. It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career.
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Precedence Research highlighted that the global cloud computing market size was valued at US$753.11 billion in 2024 and is expected to reach ~US$5,150.92 billion by 2034. Cloud computing enables companies to store their infrastructures remotely using the Internet, ultimately reducing costs and creating value. As per Gartner, worldwide end-user spending on public cloud services is expected to reach $723.4 billion in 2025, reflecting a rise from $595.7 billion in 2024. The use of Al technologies in IT and business operations continues to accelerate the role of cloud computing in helping operations and outcomes. N2 process technology slated for mass production in the second half of 2025 promises further gains in performance per watt. A crucial metric for hyperscale data centers constrained by power and cooling.
Related Cloud Computing Stock Lists
That’s more than the collective market share of its two biggest rivals, including Microsoft Azure and Google Cloud. Our editors independently research our articles and review the best products and services. We may receive commissions on purchases made from links in articles. All information provided is for educational purposes and is not investment advice or buy/sell recommendations. The future is powered by artificial intelligence, and the time to invest is NOW.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
