11 Best Publicly Traded Cloud Computing Companies

1. Alphabet Inc (NASDAQ:GOOGL)

Finally, is Alphabet Inc (NASDAQ:GOOGL), in which 135 funds from our database held class A shares of on March 31, while 117 funds held class C shares, down from 139 and 126 funds respectively a quarter earlier. As Alphabet is a tech giant involved in a large number of industries, it’s most likely that investors are fond of Alphabet mainly because of its online advertising business rather than its cloud segment. The company pointed out that cloud is one of its fastest-growing businesses, but it does not provide any data, instead including it in the “Google other revenues” segment, which registered growth of 43% to $3.10 billion during the first quarter.

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That warps up our list of the 11 best publicly traded cloud computing companies, which we think are the best to invest in based on hedge fund sentiment. Most of these companies are diversified, with cloud only taking up a part of their business, but this also precisely what positions them as better investment opportunities in the space.

Disclosure: None