Five Cloud Computing Stocks That Make Long Term Sense

cloud computing

Cloud computing means being able to access system resources on demand without being responsible for running the relevant systems. A lot of consumers will associate cloud computing with data storage. However, it is important to note that is just one of the wide range of products and services that can be offered through it. Simply put, cloud computing has become big business and is becoming even bigger business. Perhaps unsurprisingly, it has some important upsides that provide it with much of its momentum. For example, it makes it very easy for businesses to either scale up or scale down its operations, which can be particularly useful for those that are operating in very competitive fields. Similarly, businesses can save themselves the effort needed to keep systems running well while still benefiting from having the best versions of everything available to them. Due to this, it is natural for interested individuals to wonder about the cloud computing stocks that make the most long-term sense for them.

Alphabet (NASDAQ:GOOGL)

Alphabet refers to Alphabet, Inc., which serves as the parent company for Google as well as a number of companies that were once Google subsidiaries. As such, it should come as no surprise to learn that it is one of the biggest tech companies that can be found in the entire world, so much so that it is ranked fourth when it comes to its revenues. Having said that, while Alphabet, Inc. has numerous strengths, what matters most in this context would be Google Cloud. This isn’t a single thing. Instead, Google Cloud refers to a number of cloud-computing products. One example would be Google Cloud Storage, which is, well, a file-storage service. Another example would be Google Cloud Platform, which is a bundle of services in its own right. Besides these, there are other cloud-computing services such as Google Docs and Google Drive. Combined with everything else, these make Alphabet a solid choice for someone who want to invest in cloud computing on a long-term basis.

Amazon (NASDAQ:AMZN)

Amazon is another tech titan. In its case, it is best-known for online shopping. Granted, Amazon hasn’t managed to penetrate every single market out there. However, there can be no doubt about its influence in North America and beyond. In any case, Amazon’s cloud-computing component would be Amazon Web Services. Like the name says, these are cloud-computing platforms and APIs that are available to both individuals and organizations on a pay-as-you-go model. One excellent example of these services would be Amazon Elastic Compute Cloud, which provides interested individuals with the use of a virtual computer cluster. However, other examples cover everything from developer tools to machine learning. Something that is perhaps unsurprising when there are more than 200 of them. Due to this, if interested individuals are curious about a particular cloud-computing product or service, Amazon Web Services can be a good place to start searching. In any case, Amazon is another good example of a company with solid prospects for the foreseeable future. Something to check out for investors with a long-term perspective.

IBM (NYSE:IBM)

IBM is older than the other names mentioned here. After all, it was founded in 1911, meaning that it actually predates the invention of modern computers by quite a few decades. In those times, IBM made machines that helped out with measuring as well as record-keeping. Nowadays, one can make the argument that it is still helping businesses with some of their basic functions, though in a much different manner than from those earliest times. Regardless, IBM’s products and services cover a lot of conceptual ground. Cloud computing is one of them. However, IBM is also involved in everything from analytics to AI, IT infrastructure, and digital workplaces. Thanks to this, it is well-positioned to take advantage in the rising need for such products and services while also being cushioned from potential issues relating to any single one of them. Every single one of the companies mentioned here is a long-time veteran of their chosen field, but none of them can match IBM when it comes to their proven ability to keep up with the changing times.

Microsoft (NASDAQ:MSFT)

Microsoft tends to be known for a couple of things. One, it is responsible for Windows OSes, which remain extremely important in spite of mobile devices overtaking PCs in pure popularity. Two, Microsoft makes Xbox consoles, which are one of the two leaders in the console wars. However, it is important to remember that Microsoft has other products and services as well. For instance, there is Microsoft Azure, which is a service that helps interested parties with building, testing, and even running applications and services. As such, people can count on it for everything from virtual machines to storage and data management. Something that interested individuals should keep in mind if they are looking for a cloud computing stock that isn’t too reliant upon a single thing while also possessing a proven record of success.

Salesforce.com (NYSE:CRM)

Salesforce.com is perhaps the least well-known of the names mentioned here. However, interested individuals should know that it isn’t exactly a newcomer to its chosen field by any reasonable standard. After all, Salesforce.com was founded in 1999, meaning that it can claim more than two decades of existence as well. Moving on, said company is focused on customer relationship management, which has become more important than ever before because of how computers can help businesses optimize their relationships with both their customers and their potential customers. Naturally, Salesforce.com offers a whole suite of features such as analytics, automation, and customer service to help interested parties get even more out of its use. As such, one can make the argument that it isn’t quite as diversified as the other names mentioned here, though even so, it isn’t exactly reliant on a single thing for its continuing wellbeing.

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