7 best cloud computing stocks to buy for 2022

Cloud computing stocks are poised to make big gains over the next few years as more companies embrace this technology. But how do you choose which stocks will give you the biggest bang for your buck? If you want to make sure your investment pays off, follow these 7 best cloud stocks to buy for 2022 and prepare to be handsomely rewarded!

Apple Inc.

Apple is one of my top picks for 2022 because, although it’s one of the oldest tech companies around, it has also set itself apart from its peers with a far-reaching vision and a singular focus on quality. I believe Apple’s commitment to excellence will continue in 2018 and beyond. As such, I see AAPL stock as an excellent bet on cloud computing stocks in 2019 and beyond.

Alphabet Inc.

Despite being one of tech’s most prominent companies, Alphabet Inc. doesn’t feature in some analysts’ cloud computing stock forecasts. Alphabet is Google, and Google dominates search and advertising across all mediums especially mobile. Alphabet continues to grow its business while exploring new avenues that were previously unavailable in search; one such avenue is cloud computing.

Microsoft Corporation

The cloud computing leader is certainly not cheap, but it’s been one of 2019’s top performers. Microsoft has been shifting its focus from traditional computing to cloud services over recent years, and that strategy seems to be paying off. And in April 2019, Microsoft announced it was acquiring GitHub for $7.5 billion its biggest acquisition ever. The deal was a vote of confidence in cloud-based development that bodes well for Microsoft stock.

It also gives Microsoft access to a huge new developer community. There are some concerns about whether developers will feel comfortable working with Redmond rather than with other popular cloud computing platforms like Amazon Web Services (AWS) or Google Cloud Platform (GCP), but given how many projects are hosted on GitHub, there should be plenty of opportunities for cross platform collaboration regardless. At least right now, it looks like Microsoft stock will continue benefiting from its focus on cloud-based software and services.

Intel Corporation

Intel (INTC) is a semiconductor design company. Intel was founded in 1968 and has its headquarters in Santa Clara, California. INTC provides products used in cloud computing and mobile devices. The company also provides a wide variety of IOT solutions, services, software and tools for every phase of connected life and work; from data center systems to set top boxes as well as technology that keeps your smartphone going without missing a beat. It’s not hard to see why so many investors have been attracted to Intel stock over time. For example, when it comes to dividend yield, INTC stock currently pays out 3.3%. That’s not too shabby at all.

Oracle Corporation

With a market cap of $188.42 billion, Oracle Corporation (NYSE:ORCL) has also been named in numerous lists as one of 20 Cloud Computing Stocks Worth Your Attention. The company provides integrated hardware and software products that are used by companies across various industries including healthcare, retail, financial services and others. The company’s revenue was at $37.2 billion during 2017 and is expected to grow further during 2018 with a projected revenue of $39.4 billion.

IBM Corp.

IBM has long been known as a technology leader, and that was never more true than with its recent moves into cloud computing. A $1 billion acquisition of SoftLayer Technologies in 2013 was IBM’s largest deal ever, and paid off handsomely. The company has leveraged SoftLayer’s infrastructure to move more than a quarter of its workloads into public cloud computing services like Bluemix and SoftLayer bare metal servers.

Alibaba Group Holding Ltd.

Based in China, Alibaba was founded in 1999 by Jack Ma. Now, Alibaba is one of China’s largest internet companies and supports e-commerce, online payments, and other services throughout Asia. With $146 billion in market cap value, Alibaba Group Holding Ltd. (NYSE: BABA) is on pace to continue its growth into 2023 as it expands outside of Asia and looks to help small businesses go global by allowing them access via its platform.

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