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Cloud computing stocks are in high demand for the emergence of digitalization since the outbreak of the COVID-19 pandemic. Investors have started keeping an eye on cloud computing stocks apart from tech stocks as well as the cryptocurrency market. The global cloud computing stock market is expected to hit US$791.48 billion in 2028 with a CAGR of 17.9%. Multiple tech companies are leveraging cloud computing making it a profitable investment for the tech-driven future. Let's explore the top 5 cloud stocks in 2022 that are suitable for investment.
Stock Market Price: US$207.16
Veeva Systems is a popular tech company that provides cloud-based software for the life science industry in different parts of the world. There is a wide range of products and services related to cloud computing which makes it one of the top cloud computing stocks to buy in 2022. Its current stock market price is
Stock Market Price: US$42.33
Unity Software is a well-known tech company that works with cloud computing and is one of the top cloud computing stocks for investors in October. It operates a real-time 3D development platform that provides software solutions for different smart devices such as mobile phones, PCs, consoles, and many more.
Stock Market Price: US$44.85
DigitalOcean Holdings, Inc. is one of the popular cloud computing stocks and operates a cloud computing platform across the world. This cloud computing platform offers infrastructure solutions while extending the native capabilities of the cloud with a fully managed application.
Stock Market Price: US$44.29
The Trade Desk is one of the top cloud computing stocks for investors in October that operates as a tech company across the world. It operates a self-service cloud-based platform that allows buyers to create and optimize data-driven digital advertising campaigns in multiple ad formats and channels.
Stock Market Price: US$71.99
Oracle Corporation is highly popular in the tech industry as a tech company that provides Oracle cloud software as a service offering. It includes different cloud software applications such as Oracle Fusion cloud enterprise resource planning and many more
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
