In this article, we will discuss the 10 Best Cloud Computing Stocks to Buy According to Hedge Funds.
According to JP Morgan’s mid-year outlook 2026 report, there remains an indication that the AI investment cycle would continue through the remainder of 2026. After the Q4 earnings reporting season (between January and February 2026), the 5 well-established hyperscalers increased capex projections for 2026 by $130 billion.
The Wall Street analysts project that they will spend over $650 billion together through the end of this year (2026), with a major portion of this to be used for expanding their cloud-based AI capacity. JP Morgan further added that hyperscalers’ FCF might be falling, but their top-line in their cloud businesses continues to accelerate. This gives the go-ahead to continue the aggressive AI build-outs. Notably, the hyperscalers remain well-placed to reap the benefits stemming from the continued AI adoption. This is despite the increased skepticism in the market about companies’ increased capex plans.
The firm added that the corporate executives believe that demand for cloud capacity by AI applications, projects, and companies continues to surpass the available supply.
Amidst such trends, we will now have a look at the 10 Best Cloud Computing Stocks to Buy According to Hedge Funds.
Our Methodology
To list the 10 Best Cloud Computing Stocks to Buy According to Hedge Funds, we sifted through the screener to shortlist companies that cater to the broader cloud computing sector. We also mentioned the hedge fund sentiments around each stock, as of Q1 2026. Finally, the stocks are arranged in an ascending order of their hedge fund sentiments.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Best Cloud Computing Stocks to Buy According to Hedge Funds
10. Procore Technologies, Inc. (NYSE:PCOR)
Number of Hedge Fund Holders: 35
Procore Technologies, Inc. (NYSE:PCOR) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 1, the company announced the roll-out of its connected Common Data Environment. This is a purpose-built CDE from the ground up on a single platform, which can help in unifying and verifying project data from approved design to handover. This helps to capture evidence in the flow of work and keeps the digital record in line with site reality. This trusted data foundation enables the agentic AI to act throughout the full construction lifecycle.
Where fragmented information has been hampering decision-making and leading to costly delays, connected data continues to define top-performing organizations. Developed specifically for European market requirements, Procore Technologies, Inc. (NYSE:PCOR)’s CDE will initially be rolled out in the UK and Ireland before expanding across EMEA.
The company developed a localized UK Data Zone, while a dedicated EU Data Zone is expected to be launched in the fall of 2026.
Procore Technologies, Inc. (NYSE:PCOR) offers a cloud-based construction management platform and related products and services.
