12 Best Cloud Computing Stocks to Buy According to Analysts

7) DigitalOcean Holdings, Inc. (NYSE:DOCN)

Number of Hedge Fund Holders: 22

Average Upside Potential: 17.5%

DigitalOcean Holdings, Inc. (NYSE:DOCN) operates a cloud computing platform in North America, Europe, Asia, and internationally. The company’s growth trajectory is expected to be aided by its strong portfolio of innovative solutions and an expanding partner base that has been fueling adoption across high-growth sectors such as AI/ML, cybersecurity, and data analytics. DigitalOcean Holdings, Inc. (NYSE:DOCN)’s strong portfolio should continue to aid its top-line growth.

With innovations including larger droplet configurations, GPU-accelerated infrastructure, and enhanced backup options, DigitalOcean Holdings, Inc. (NYSE:DOCN) remains focused on catering to large-scale and high-performance workloads. DigitalOcean Holdings, Inc. (NYSE:DOCN)’s expanding partner base comprises industry leaders such as NVIDIA, Netlify, Hugging Face, and MongoDB.

With the help of its alliance with NVIDIA, DigitalOcean Holdings, Inc. (NYSE:DOCN) provides GPU droplets accelerated by NVIDIA H100 Tensor Core GPUs and integrates NVIDIA’s Tensor Core GPU worker nodes into its Kubernetes platform. This simplifies deployment with advanced NVIDIA tools. Furthermore, this partnership streamlined the entire setup process for GPU resources. Now, developers can deploy GPU Droplets easily, reducing the complexity of configuring security and networking.