5 Best Cloud Computing Stocks To Buy

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Below you can see the 5 best cloud computing stocks to buy. For a detailed discussion as well as a more comprehensive list please see the top 10 cloud computing stocks to buy.

5. Netflix, Inc. (NASDAQ: NFLX)

Netflix, Inc. (NASDAQ: NFLX) is the 5th most popular cloud stock in our list with a total of 113 hedge funds. Netflix provides subscription streaming entertainment services around the world. The company has a market capitalization of $214B. Its stock price increased 50% so far this year. 

The streaming giant is one of the biggest beneficiaries of the COVID-19 pandemic, gaining 10.1 million paying customers in the second quarter. The company has added 26 million new subscribers during the first half of this year in contrast to 28 million new subscribers for the whole of 2019. Ensemble Capital talked about Netflix in its Q2 2020 Investor Letter, a copy of which you can download here. You can read their lengthy comments about Netflix in this article.

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