11 Best Publicly Traded Cloud Computing Companies

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2. Amazon.com, Inc. (NASDAQ:AMZN)

Even though Amazon.com, Inc. (NASDAQ:AMZN) is not on the first spot on this list based on hedge fund sentiment, it is the leading cloud computing company based on adoption rates. It also has one of the largest cloud computing businesses based on revenue, having reported AWS sales of $3.66 billion for the first quarter, up by 43% on the year, which represented 10% of consolidated revenue. Amazon.com, Inc. (NASDAQ:AMZN)’s AWS segment is expected to reach over $40 billion by 2022 and to amass over 8% of total cloud spending. When it comes to hedge fund sentiment, during the first quarter, the number of funds long Amazon.com, Inc. (NASDAQ:AMZN) appreciated by six to 129.

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Follow Amazon Com Inc (NASDAQ:AMZN)

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