14 Best Cloud Computing Stocks to Buy Right Now

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 332

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 14 Best Cloud Computing Stocks to Buy Right Now. On February 6, Bernstein analyst Mark Shmulik reduced the firm’s price objective on the company’s stock to $265 from $300 while keeping an “Outperform” rating, as reported by The Fly.

This comes after the company released its quarterly results. As per the firm, Amazon.com, Inc. (NASDAQ:AMZN) saw strong growth in AWS and a robust operating income beat (excluding one-off items). However, these were not sufficient to justify the capex of $200 billion, as well as weak guidance for Q1 2026.

Notably, on February 5, Amazon.com, Inc. (NASDAQ:AMZN) released its Q4 2025 results, with net sales rising 14% to $213.4 billion in Q4 2025 as compared to $187.8 billion in Q4 2024. Notably, AWS segment sales went up by 24% YoY to $35.6 billion. This segment saw the fastest growth throughout 13 quarters, with AWS now having an annualized revenue run rate of $142 billion.

The acceleration came off the back of both core and AI services, with customers continuing to modernize infrastructure as well as migrate workloads to the cloud. For Q1 2026, Amazon.com, Inc. (NASDAQ:AMZN) expects operating income of between $16.5 billion – $21.5 billion.

Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now.

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