Top 5 Cloud Computing Companies in the World

In this piece, we will take a look at the top five cloud computing companies in the world. For more companies head on over to Top 15 Cloud Computing Companies in the World.

5. Intuit Inc. (NASDAQ:INTU)

Latest Market Capitalization: $122 billion

Intuit Inc. (NASDAQ:INTU) is an American company headquartered in Mountain View, California. The firm provides a variety of products to its customers, enabling them to use cloud computing to manage their finances and accounts and payroll processing.

Insider Monkey took a look at 943 hedge funds for their fourth quarter of 2022 investments and found out that 92 had held a stake in the firm. Out of these, Ken Fisher’s Fisher Asset Management is Intuit Inc. (NASDAQ:INTU)’s largest shareholder since it owns 2.4 million shares that are worth $939 million.

4. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Latest Market Capitalization: $148 billion

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor designer that sells data center central processing units (CPUs) and graphics processing units (GPUs). Its data center division accounts for most of its revenue.

By the end of last year’s fourth quarter, 97 of the 943 hedge funds profiled by Insider Monkey had bought Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares. The firm’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns 25.8 million shares that are worth $1.6 billion.

3. Salesforce, Inc. (NYSE:CRM)

Latest Market Capitalization: $190 billion

Salesforce, Inc. (NYSE:CRM) is one of the pioneers of the cloud computing industry and is headquartered in San Francisco, California. It enables firms to conduct a variety of operations such as financial management, operations management, customer management, and more.

Insider Monkey’s Q4 2022 survey covering 943 hedge funds outlined that 117 had bought the company’s shares. Salesforce, Inc. (NYSE:CRM)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 1.3 million shares that are worth $1.8 billion.

2. Oracle Corporation (NYSE:ORCL)

Latest Market Capitalization: $253 billion

Oracle Corporation (NYSE:ORCL) is one of the largest enterprise computing companies in the world. Its cloud platform enables users to store, access, and manage their data. The company is based in Austin, Texas.

As of December 2022, 65 of the 943 hedge funds part of Insider Monkey’s database had invested in Oracle Corporation (NYSE:ORCL). Out of these, Jean-Marie Eveillard’s First Eagle Investment Management is the company’s largest shareholder since it owns 20 million shares that are worth $1.6 billion.

1. NVIDIA Corporation (NASDAQ:NVDA)

Latest Market Capitalization: $654 billion

NVIDIA Corporation (NASDAQ:NVDA) is a pivotal cloud computing firm that develops GPUs for data center use. Its data center division is its largest earner, having posted $3.6 billion in revenue during its latest quarter.

Out of the 943 hedge funds profiled by Insider Monkey for their Q4 2022 investments, 106 had held a stake in the company. NVIDIA Corporation (NASDAQ:NVDA)’s largest investor is Ken Fisher’s Fisher Asset Management which owns a $1.4 billion stake.

Disclosure: None. You can also take a look at 15 Best States To Live In: 2023 Rankings and 12 Best Low-Priced Technology Stocks To Invest In.

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