5 Best Cloud Computing Stocks To Buy

4. Alibaba Group (NYSE:BABA)

Alibaba is the fourth most popular cloud computing stock among hedge funds. It will probably become a trillion dollar company over the next couple of years. There were a total of 154 hedge funds with bullish Alibaba positions at the end of June. We just shared Polen Capital’s views about Alibaba in this article today. Billionaire Dan Loeb is also very bullish about Alibaba and shared his bullish BABA thesis in this article.

3. Alphabet Inc (NASDAQ:GOOGL)

Alphabet’s main business is internet search and advertising, but its cloud computing is also growing very strongly and expected to be a major contributor to the search giant’s bottom line over the next few years. During the second quarter, Google Cloud generated a total revenue of $3 billion, growing at a 43% rate. GOOGL was in the portfolios of 157 hedge funds at the end of June. Ensemble Capital briefly talked about Alphabet Inc in this article.