10 Best Data Storage Stocks To Buy According to Hedge Funds

8. Box Inc. (NYSE:BOX)

Number of Hedge Fund Holders: 31

Box Inc. (NYSE:BOX) is a cloud content management platform that empowers organizations to securely store, share, and collaborate on digital content. It offers a comprehensive suite of solutions, including cloud storage, file sharing, synchronization, e-signatures, and other collaboration tools.

Its growth is driven by the increasing adoption of AI within its platform. In Q3, it had a revenue of $276 million, up 5% year-over-year. At BoxWorks, an annual conference held by the company, it unveiled its vision for Intelligent Content Management. This includes Enterprise Advanced, a higher-tier suite offering enhanced AI capabilities such as Box Apps, Box Forms, Box Doc Gen, Box AI Studio, and Box Archive.

It also expanded its AI capabilities with enhanced interactions with content and deepened partnerships with leading AI providers like Anthropic, OpenAI, and Google. This positions Box Inc. (NYSE:BOX) to capture a larger share of the enterprise content management market. The company is well-positioned to capitalize on the growing demand for intelligent content management solutions and drive significant long-term growth.