3 Cloud-Based Stocks to Watch in the Short Term

Group 1: Market Overview - The tech sector is experiencing significant volatility, with the Nasdaq Composite Index facing its first losing day in four due to a sell-off in Big Tech stocks [1] - Investor sentiment has been affected by warnings of an AI bubble from Alibaba's chairman Joe Tsai, although there remains interest in growth opportunities within AI [1] Group 2: Company-Specific Updates - Snowflake Inc (NYSE:SNOW) is under scrutiny following its AI expansion and partnership with Microsoft, with the stock down 1.1% at $161 but up 4.2$59.09, attempting to end a five-day winning streak, and has seen a 50% decline since the start of 2025, primarily due to a post-earnings bear gap [3] - Cognizant Technology Solutions Corp (NASDAQ:CTSH) announced a share buyback and AI service expansion, with a slight year-to-date gain of 1.7%, currently down 0.7% at $78.23 [4]